How did the most valuable stocks in the Nifty do in the last week ended on 17th March?
Answer
Answer
One of the best ways to gauge market sentiments is to look at the 10 most liquid stocks on the index. Here we look at the 10 most valuable stocks by market on the Nifty. These 10 stocks added market cap worth Rs.272,185 crore last week. That was hardly surprising with the Nifty up 3.95% and the Sensex up 4.16%. all the top 10 stocks on the Nifty market cap wended up being net gainers during the week, which is apparent from the Nifty rally.
Among big gainers, Reliance Industries added Rs.54,904 crore in market cap while HDFC Bank also added Rs.46,284 crore in market value. Among other value gainers, ICICI Bank added Rs.29,127 crore, SBI added Rs.27,979 crore, TCS enhanced market value by Rs.27,558 crore, Bajaj Finance by Rs.22,312 crore, Bharti Airtel added Rs.15,378 crore and Infosys managed to add Rs.13,501 crore in market cap. HUVR made a small contribution to the rise.