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10 IT stocks add Rs 2,75,000 crore in m-cap in best week in 18 years; here's why
Indian markets moved higher.
· Business Today Mkts
Data showed the market capitalisation of 10 IT stocks jumped 12.13 per cent YoY to Rs 25.41 lakh crore on Friday from Rs 22.66 lakh crore a week ago, up Rs 2.75 lakh crore.
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.