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Mint
5 hours ago
- Mint
Market capitalisation of top 10 valued companies plummets by ₹1.36 lakh crore, Reliance worst hit
A bearish drag on equities pulled the cumulative market capitalisation (m-cap) of the top 10 most valued companies in India sharply by ₹ 1.36 crore ( ₹ 1,36,151.24 crore) over the past week, with conglomerate Reliance Industries (RIL) taking the worst hit, according to a report by PTI. Extending losing streak for the sixth consecutive week, the BSE benchmark index, Sensex, dropped 742.12 points or 0.92 per cent, and the NSE Nifty declined 202.05 points or 0.82 per cent. Despite the valuation drop, RIL remains the most valued company in the country, followed by private sector lender HDFC Bank, IT company Tata Consultancy Services (TCS), telecom major Bharti Airtel, banking major ICICI Bank, public sector lending leader State Bank of India (SBI), IT giant Infosys, FMCG leader Hindustan Unilever (HUL), insurance behemoth Life Insurance Corporation of India (LIC), and financing major Bajaj Finance. From the top 10 pack, Reliance, HDFC Bank, Airtel, ICICI Bank, Infosys and HUL faced erosion in their valuations, the report added. RIL valuation tumbled ₹ 34,710.8 crore to ₹ 18,51,174.59 crore. 34,710.8 crore to 18,51,174.59 crore. HDFC Bank's mcap tanked ₹ 29,722.04 crore to ₹ 15,14,303.58 crore. 29,722.04 crore to 15,14,303.58 crore. The mcap of ICICI Bank fell by ₹ 24,719.45 crore to ₹ 10,25,495.69 crore. 24,719.45 crore to 10,25,495.69 crore. Infosys value dropped by ₹ 19,504.31 crore to ₹ 5,91,423.02 crore. 19,504.31 crore to 5,91,423.02 crore. The valuation of Bharti Airtel declined by ₹ 15,053.55 crore to ₹ 10,59,850.32 crore. 15,053.55 crore to 10,59,850.32 crore. HUL lost ₹ 5,87,021.88 crore to tumble to ₹ 12,441.09 crore. Meanwhile, among the top 10, TCS, SBI, LIC, and Bajaj Finance were the gainers.
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Business Standard
6 hours ago
- Business Standard
The silent reflex: In market quakes, mutual funds are the fault dampers
Steady capital flows prevent ruptures on volatile fault lines Mumbai Listen to This Article Mutual fund (MF) investment in equities has stayed consistent, even as global trade developments stirred market volatility. In July 2025, MFs purchased equities worth over ₹47,000 crore — an 8 per cent increase from the previous month's figure. This buying softened the blow to the market as foreign portfolio investors offloaded nearly ₹20,000 crore. July saw turbulence in the equity market, with benchmark indices snapping a four-month winning streak that had pushed gains to nearly 15 per cent. Both the Nifty and Sensex closed the month down roughly 3 per cent. The broader Nifty Smallcap 100 and Nifty Midcap 100
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Business Standard
6 hours ago
- Business Standard
Street Signs: Nifty's cliffhanger, Mkt's heavy hitters step into IPO ring
With the Nifty in a sell-on-rise phase and key support levels under threat, markets brace for two mega IPOs even as NSDL's post-listing rally stuns the street BS Reporter Mumbai Listen to This Article The Nifty has slipped 1,285 points — roughly 5 per cent — over the past five weeks, with the blue-chip 50-share index last closing at 24,363. Technical signals indicate the downtrend could continue. 'The index remains in a sell-on-rise phase, facing immediate resistance between 24,500 and 24,600, where fresh call writing is evident. It is likely to slide towards 24,160, marking the 23.6 per cent retracement of the rally that began in April,' said Kunal Shah, senior technical and derivatives analyst at Mirae Asset Sharekhan. Echoing the cautionary tone, Dhupesh Dhameja, derivatives research analyst at Samco Securities, said, 'Breaking the