Seven of India’s top-10 most valued companies lost a total of ₹1.35 lakh crore in market value last week.
The Sensex dropped by 863 points, leading to broad market losses.
Tata Consultancy Services took the biggest hit, losing ₹47,487 cr
ore in market cap.
Bharti Airtel followed with a decline of ₹29,936 crore in value.
ICICI Bank, SBI, Infosys, LIC, and Bajaj Finance also saw major
losses.
HDFC Bank, Reliance, and Hindustan Unilever managed to gain in value.
Losses were driven by global trade fears and investor profit booking.
Defensive sectors like FMCG outperformed during the market correction
.
Large-cap tech and banking stocks faced the biggest pressure.
Market participants now await central bank cues and trade upd
ates.