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Sensex Drops 626 Points as Top Firms’ Market Value Erodes Rs 70,325.5 Crore

Foreign sellers offloaded major bank equities on concerns over looming US tariffs.

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Overview

  • The BSE Sensex fell 626.01 points, or 0.74%, marking the first weekly pullback after late-June’s broad market rally.
  • HDFC Bank’s market valuation declined by Rs 19,284.8 crore and ICICI Bank shed Rs 13,566.9 crore amid banking sector weakness.
  • Bajaj Finance and Life Insurance Corporation of India faced further pressure with valuations down Rs 13,236.4 crore and Rs 10,246.5 crore respectively.
  • Reliance Industries bucked the trend with a Rs 15,359.4 crore gain and Infosys added Rs 13,127.5 crore, reinforcing their leadership among winners.
  • Foreign portfolio outflows outpaced domestic buying as stalled RBI rate projections and looming US tariff decisions heightened risk aversion.