Seven of India's top 10 firms lose ₹1.13L/cr last week
Last week was rough for India's biggest companies: seven out of the top 10 lost a combined ₹1.13 lakh crore in market value.
Reliance Industries and Bharti Airtel took the hardest hits, each dropping over ₹40,000 crore.
The losses came as stock markets stayed sluggish, with both Sensex and Nifty slipping a bit.
TCS ICICI Bank SBI post gains
Not everyone had a bad week though. TCS, ICICI Bank, and SBI managed to grow their valuations despite the downturn.
Meanwhile, HDFC Bank and Bajaj Finance joined the losing side with drops of ₹11,558.35 crore and ₹10,086.05 crore each.
Even so, Reliance still holds its spot as India's most valuable company at ₹17,38,119.27 crore.
This marks three weeks in a row of slow market performance thanks to global interest rate worries and ongoing geopolitical tensions.