How did the Nifty heavyweights perform in the stock market in the previous week ending on 24th September?
Answer
Answer
The previous week ended 24tt September was unique in the sense that there was not a single value destroyer among the 10 higher market cap companies on the Nifty-50. In fact, if you combine these 10 largest companies, they jointly added Rs.156,317 crore in market value during the previous week. The big gainers in Nifty were Reliance and Infosys. While Reliance added Rs.58,672 crore in the week, Infosys added Rs.30,605 crore market value.
Other stocks added value too. Among other key value gainers; Bajaj Finance added Rs.22,173 crore and IT major TCS also added Rs.15,111 crore. For a change, HDFC Bank was among the gainers adding Rs.10,142 crore to its market capitalization while Bharti Airtel added Rs.6,069 crore on the strength of its attractively priced rights issue. Other stocks added smaller values. Interestingly, there was not a single top-10 stock losing value.