New Delhi, July 27 -- The combined market valuation of six of India's top-10 most valued companies eroded by Rs.2.22 lakh crore last week.
The downturn was a result of a bearish trend in the equity market, with the BSE benchmark Sensex dropping 294.64 points or 0.36%.
"Markets ended lower for the fourth straight week as caution prevailed amid mixed cues. The market's direction was initially influenced by earnings announcements, with the banking sector showing strength due to positive results from HDFC Bank and ICICI Bank. However, a dip in stocks like Reliance capped the recovery.
Furthermore, foreign fund outflows and uncertainty over trade deals ahead of the August 1 deadline kept volatility high," said Ajit Mishra, SVP, Research, Re...
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