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The combined market valuation of eight of the 10 most valued domestic firms eroded by Rs 2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday.
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The exodus of FPIs from the Indian equity markets continues as they pulled out Rs 21,272 crore in the first two weeks of this month, driven by global tensions after the US imposed tariffs on imports.
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News and Media
Ukrainian President Volodymyr Zelenskyy refused to sign a U.S. proposal for access to Ukraine's rare earth minerals, citing a lack of security guarantees in return. The rejection came during talks with U.S. Vice President JD Vance at the Munich Security Conference. The U.S. proposal was seen as prioritizing American interests, prompting Ukraine to prepare a counterproposal.
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