The market valuation of Bajaj Finance fell by Rs 4,977.99 crore this week to Rs 6,12,914.73 crore, as India’s top companies experienced sharp losses amid a bearish trend in equities.

The broader market reflected similar pressures, with the BSE benchmark sliding 2,199.77 points or 2.66 per cent during the week.

The heavy losses were driven by multiple factors. A sharp increase in H-1B visa fees triggered significant selling in technology stocks, while the Indian rupee slipped to a record low against the US dollar, adding to investor concerns.

Additionally, the imposition of 100 per cent tariffs on branded and patented pharmaceutical imports to the US dampened sentiment across sectors, further weakening market confidence, said Ponmudi R, CEO of online trading and wealth tech firm Enrich M

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