How did the Nifty heavyweights perform in the markets last week ended 31-Dec?
Answer
Answer
For the week that concluded on 31st December 2021, a total of 9 out of the top-10 Nifty companies in terms of market value, added Rs.111,013 crore to the overall market cap of the stock exchange. The big gainers in the week were TCS and HDFC Bank. Both saw a mix of year end buying and also short covering on F&O positions ahead of the year-end.
During the week, TCS added Rs.24,636 crore and HDFC Bank added Rs.22,554 crore to its market capitalization. Among other gaining heavyweights, Hindustan Unilever added Rs.14,391 crore, Infosys added Rs.10,935 crore, HDFC enhanced value by Rs.9,642 crore, Wipro Rs.9,164 crore, ICICI Bank Rs.8,903 crore and Bajaj Finance padded up Rs.7,575 crore. Reliance was the only large stock to lose Rs.2,773 crore in value due to rights dilution.