Stock market ends lower amid selling in select heavyweights
At the close, the Sensex was 142 points, or 0.19%, lower at 75,867.80, while the Nifty 50 settled with a nominal loss of 7 points, or 0.03%, at 23,907.15.
At the close, the Sensex was 142 points, or 0.19%, lower at 75,867.80, while the Nifty 50 settled with a nominal loss of 7 points, or 0.03%, at 23,907.15.
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore last week.
The combined market valuation of the top 10 domestic firms eroded sharply by Rs 4.48 lakh crore last week. Major banks, including the State Bank of India and HDFC Bank, took the biggest hit.
Last week, the combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore.
At close, the Sensex was down 1,097 points or 1.37% at 78,918.90, and the Nifty was down 315.45 points or 1.27% at 24,450.45.
The revision came after a pushback from customers and days after the second-largest bank in the country raised the MAB requirement from Rs 10,000 to Rs 50,000 for new customers in urban cities.
RBI Governor Sanjay Malhotra clarified that minimum balance requirements for savings accounts are set by individual banks, not regulated by RBI. This follows ICICI Bank’s recent hike in minimum balance limits, sparking customer concerns and social media criticism.
Reserve Bank of India Governor Sanjay Malhotra on Monday said setting up a minimum balance in the savings accounts is not in the regulatory domain, and the RBI has left it to the banks to decide.
ICICI Bank has expanded its presence in the quarter and has a network of total 7,066 branches and 13,376 ATMs across the country, as at June 30, 2025. This is aligned with the bank’s goal of expanding coverage across high-potential micromarkets and strengthening last-mile access.
The combined market valuation of eight of the top 10 valued firms eroded by Rs 2,07,501.58 crore last week.
