Seven of India's ten most-valued companies lost a combined Rs 2 lakh crore in market capitalisation last week, as a broad selloff hit large-cap equities. Tata Consultancy Services and Reliance Industries led the decline, making them the biggest laggards among blue-chip names. The erosion tracks a wider bearish trend in Indian equity markets, where heavyweight stocks tend to drag index-level performance when sentiment turns risk-off. TCS and Reliance together carry significant weight in benchmark indices, so losses in these two names alone have an outsized pull on the Sensex and Nifty. Market cap destruction at this scale in a single week signals that institutional selling or global risk-off positioning may be at play, though the article does not specify a trigger. When top-10 firms lose value simultaneously, it often reflects broad redemption pressure or macro concerns rather than company-specific news. Watch whether TCS and Reliance stabilise in the coming sessions, as a recovery in these two names would be the clearest early signal that large-cap selling pressure is easing.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
