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.