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Asian Indices Save The Day

Asian Indices Save The Day

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Bankex ended the fortnight in green as a result of the recent rally seen in banking and financial stocks. 

In the last few weeks the equity markets worldwide remained volatile due to a number of reasons. Rising corona virus cases, possible lockdowns, delay in US’ stimulus, result of the US’ presidential elections, etc. have been some of the factors contributing to volatility in the stock markets. In the European markets DAX plunged by around 8.30 per cent during the fortnight while CAC 40 and FTSE 100 declined by 5.09 per cent and 3.90 per cent, respectively, for the same period of time. In the US, indices such as NASDAQ, DJIA and S & P 500 fell by 4.54 per cent, 4.51 per cent and 3.40 per cent, respectively.

 

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Sensex 40,000 to 50,000: TCS becomes biggest contributor in terms of market cap

Shreya Chaware / Article rating: 5.0

Sensex journey to 50,000 has been clearly an impressive one with several stocks contributing to its gains. When it comes to market cap addition, the clear winner is TCS, followed by HDFC Twins, ICICI Bank, and Kotak Mahindra Bank. These stocks contributed the most to the market capitalisation when Sensex moved from 40,000 to 50,000.   

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