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economictimes.indiatimes.com · Telecom · 2026-08-30

7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance

7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance worst hit. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35 per cent, and the NSE Nifty dipped 76.35 points. Concerns over global interest rates, geopolitical uncertainty and volatility surrounding the new closing auction session weighed on investor sentiment. Last week observed a notable decline in market valuations, with seven out of the ten top firms witnessing a reduction of Rs 1.13 lakh crore. The greatest impact was felt by Bharti Airtel and Reliance Industries, linked to concerns over global interest rates and geopolitical instability. Nonetheless, there was robust buying in IT stocks, which facilitated a recovery in the market on Friday.

Why it matters. Why it matters: 7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance worst hit.

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