Market recap: Mcap of 8 of top-10 most valued firms wipes out Rs 2.81 lakh cr; State Bank biggest laggard
Indian stock markets experienced a significant downturn last week, with the top ten most valuable companies collectively shedding over Rs 2.8 lakh crore. Escalating geopolitical tensions and rising crude oil prices impacted investor sentiment, leading to broad-based selling. State Bank of India saw the steepest decline, while only Reliance Industries and Infosys managed to post gains.
Indian stock markets experienced a significant downturn last week, with the top ten most valuable companies collectively shedding over Rs 2.8 lakh crore. Escalating geopolitical tensions and rising crude oil prices impacted investor sentiment, leading to broad-based selling. State Bank of India saw the steepest decline, while only Reliance Industries and Infosys managed to post gains.
