Market Slump Wipes Out ₹2 Lakh Crore: Reliance Industries and Tata Consultancy Services Lead Losses

According to experts, the selling in the IT and energy sectors has directly impacted these major companies. Continued global uncertainties and weak quarterly results have also impacted market sentiment. Despite the decline, Reliance Industries remains the country's most valuable company, followed by HDFC Bank, Bharti Airtel, and SBI.

Major companies in the banking and other sectors also suffered losses in this decline. Major companies like HDFC Bank, ICICI Bank, Bharti Airtel, L&T, and LIC saw their market caps decline. The weak market environment directly impacted the shares of these companies. HDFC Bank's value declined by ₹23,090 crore, while Bharti Airtel's market cap fell by ₹19,406 crore. Other companies also experienced mild to moderate declines, increasing overall investor concern.

Last week, the Indian stock market experienced a sharp decline. The BSE Sensex fell 1,829 points, or 2.33 percent, while the Nifty also fell 455 points, or 1.87 percent. This decline increased investor concern, and the market remained volatile.

Experts say that rising global geopolitical tensions, fluctuations in crude oil prices, and weak quarterly results from companies have put pressure on the market. Furthermore, selling by foreign investors further weakened the situation. Market experts believe that market volatility may persist until the global situation stabilizes.

Amidst this decline, some companies performed well. Hindustan Unilever, SBI, and Bajaj Finance saw their value increase, providing some relief to investors. However, the market remained volatile. Despite the decline, Reliance Industries remained the country's most valuable company, followed by HDFC Bank, Bharti Airtel, and SBI. Experts say that global conditions, crude oil prices, and the trend of foreign investment will determine the market's direction in the coming days.