Mumbai, March 29: The combined market valuation of seven of India’s top-10 most valued companies fell sharply by Rs 1.75 lakh crore last week amid global uncertainties and geopolitical tensions.
The decline came in a holiday-shortened week when benchmark indices ended lower. The Sensex dropped 949.74 points, or 1.27 per cent, while the Nifty fell 294.9 points, also down 1.27 per cent.
Commenting on Nifty technical outlook, experts said that a decisive breakdown below the 22,700–22,500 range can accelerate selling pressure, potentially dragging the index towards the 22,000–21,744 zone, which aligns with the 52-week low region.
Market experts said the week was marked by high volatility due to fluctuating global cues and rising tensions in West Asia.
Among the biggest losers, Reliance Industries saw its market valuation drop the most, declining by Rs 89,720.3 crore to Rs 18.24 lakh crore.
HDFC Bank also witnessed a sharp decline, with its valuation slipping by Rs 37,248.59 crore last week. (IANS)
