InvestorQ : Which stocks added to the overall market cap in the first week of March and which were the stocks that destroyed value?
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Which stocks added to the overall market cap in the first week of March and which were the stocks that destroyed value?

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ishika Banerjee answered.
8 months ago
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For the week that ended on Friday 05-March 2021, a total of 8 out of the top 10 most valuable companies on the NSE-Nifty added Rs.194,000 crore in terms of market capitalization. Out of the top 10 largest companies by market cap, only HDFC Bank and SBI witnessed losses during the week. All the other high valued stocks showed gains in the previous week.

RIL was the big star of the week adding Rs.60,035 crore in market cap during the previous week. Among other big names that added value during the week, TCS added Rs.41,041 crore, Kotak Bank Rs.28,011 crore and Infosys added Rs.27,114 crore. Among the other big names that managed to add value during the week, Hindustan Unilever added Rs.16,388 crore, Bajaj Finance Rs.12,419 crore and ICICI Bank Rs.8,424 crore.

In contrast, HDFC Bank lost Rs.2,590 crore in market value while SBI lost Rs.5,712 crore during the week in market capitalization. During the week ended 05-March, the Sensex was up 1,305 points or 2.7% amidst the volatility. There was net FII selling in the markets and the rising bond yields globally tended to spook the markets in the last two days of the trading week.

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