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The combined market capitalisation of five of the top-10 most valued firms declined by Rs 93,357.52 crore, with IT giants Infosys and Tata Consultancy Services taking the biggest hit, in line with a weak trend in domestic equities.
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The US Fed interest rate decision, global trends, tariff-related developments and trading activity of foreign investors will drive the equity market movement this week, analysts said. Among macroeconomic data announcement, WPI inflation for February is scheduled to be announced on Monday.
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Midcap stocks saw heavy selling, with the BSE Midcap index dropping over 2%, sharper than the Sensexs 0.7% fall. Out of 132 index stocks, 104 ended negative.
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News and Media
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