Overview
- Six of India’s top-10 firms lost a combined ₹2.22 lakh crore in market value in the week to July 27.
- Reliance Industries led declines with its valuation tumbling ₹1.14 lakh crore to ₹18.84 lakh crore.
- Infosys, LIC, TCS, Bajaj Finance and Hindustan Unilever also recorded significant market cap drops.
- Banking and telecom majors HDFC Bank, ICICI Bank, Bharti Airtel and State Bank of India posted valuation gains on strong quarterly results.
- The BSE Sensex slipped 0.36% as investors parsed mixed earnings and foreign fund outflows.