Monday, July 28, 2025

Creating liberating content

Related News

US stock indices started the week steady and near record highs on Monday, as investors braced for a series of potentially market-moving events, including Big Tech earnings, a key Federal

A team at the University of Maryland is working on a flight suit that could help pilots avoid disorientation by using vibrations. The FAA says pilot disorientation causes 5% to

Gold prices declined by Rs 500 to Rs 98,020 per 10 grams in the national capital on Monday, marking the fourth straight day of losses, as investor demand weakened after

India’s industrial output growth slipped to a 10-month low of 1.5% in June 2025, dragged down by contractions in mining and electricity production due to the early arrival of the

NEW DELHI: India could lose around Rs 4,060 crore in customs revenue in the first year of its newly signed free trade agreement (FTA) with the United Kingdom, according to

Coal and Mines Minister G Kishan Reddy on Monday informed Parliament that promising reserves of rare earth elements (REE) have been discovered in the Singrauli coalfields of Madhya Pradesh, following

Trending News

Coal and Mines Minister G Kishan Reddy on Monday informed Parliament that promising reserves of rare earth elements (REE) have been discovered in the Singrauli coalfields of Madhya Pradesh, following

NEW DELHI: Shares of major IT companies dropped sharply on Monday after Tata Consultancy Services (TCS) announced plans to reduce its global workforce by 2 percent, cutting around 12,000 jobs.The

Access Denied You don’t have permission to access ” on this server. Reference #18.77fdd417.1753688561.2b7dbc2 Source link

TCS reported a global workforce of 613,069 employees at the close of June 2025. TCS share price today: Tata Consultancy Services (TCS) shares dropped by 1.7% to reach Rs 3,081.20

Russia’s Nordwind Airlines Boeing 777-200ER takes-off for the first flight connecting Moscow and Pyongyang at Moscow’s Sheremetyevo International Airport. (Picture credit: AP) Russia has started direct commercial flights between Moscow

NEW DELHI: Amid signals of companies holding back on investment decisions due to the global uncertainty, govt and Invest India have identified Electronics System Design and Manufacturing, non-leather footwear, chemicals,

Market wrap: Bears hit top 10 firms’ worth by Rs 70,325 crore; HDFC Bank, ICICI Bank among worst losers

Word Count: 737 | Estimated Reading Time: 4 minutes


Market wrap: Bears hit top 10 firms’ worth by Rs 70,325 crore; HDFC Bank, ICICI Bank among worst losers

Six of India’s ten most valued companies collectively lost Rs 70,325.5 crore in market valuation last week, led by HDFC Bank and ICICI Bank, as domestic equities slipped amid global uncertainty and investor caution.The BSE Sensex dropped by 626.01 points or 0.74 per cent during the week, weighed down by sustained foreign portfolio investor (FPI) outflows and anticipation surrounding the July 9 deadline for US tariff talks. Barring Friday’s modest rebound, the Indian markets largely stayed in the red, mirroring a consolidation trend.As per news agency PTI, among the top losers was HDFC Bank, as its market capitalisation fell the most, declining by Rs 19,284.8 crore to Rs 15,25,339.72 crore. CICI Bank followed with a loss of Rs 13,566.92 crore, taking its valuation down to Rs 10,29,470.57 crore.Bajaj Finance also faced a significant erosion of Rs 13,236.44 crore, with its market cap standing at Rs 5,74,977.11 crore.Life Insurance Corporation of India (LIC) shed Rs 10,246.49 crore in value, ending the week at Rs 5,95,277.16 crore, while TCS lost Rs 8,032.15 crore, taking its valuation to Rs 12,37,729.65 crore. Bharti Airtel’s market cap declined by Rs 5,958.7 crore to Rs 11,50,371.24 crore.In contrast, four companies in the top-10 bracket witnessed gains. Reliance Industries remained India’s most valued company with a Rs 15,359.36 crore jump, pushing its market cap to Rs 20,66,949.87 crore. Infosys added Rs 13,127.51 crore to reach Rs 6,81,383.80 crore, while Hindustan Unilever and State Bank of India gained Rs 7,906.37 crore and Rs 5,756.38 crore, respectively.Indian markets saw a brief relief rally on Friday, with the Sensex closing 193.42 points higher at 83,432.89 and Nifty adding 55.70 points to settle at 25,461. However, the week’s overall performance remained weak, with a cumulative decline of 0.4–0.7 per cent across benchmark indices.Market sentiment was tempered by “a wait-and-watch strategy” adopted by investors amid global cues and tariff-related uncertainty, said Vinod Nair, head of research at Geojit Financial Services. “Ongoing FII outflows reflect a risk-off approach, while DII inflows are offering partial support,” he said, as quoted by news agency ANI.Sectorally, FMCG, IT, pharma, PSU banks, and oil & gas led the gains, while auto and metal stocks underperformed. Analysts observed that investors were focused on specific stocks within mid- and small-cap segments, awaiting clarity on US-India trade dynamics.In terms of rankings, Reliance retained its top spot, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance and Hindustan Unilever.





Source link

Sign In

Welcome ! Log into Your Account