Daijiworld Media Network - Mumbai

Mumbai, Sep 28 Bajaj Finance saw its market valuation shrink by Rs 4,977.99 crore this week to Rs 6,12,914.73 crore, as sharp declines across major Indian companies reflected a broader bearish sentiment in the equity markets. The BSE benchmark index plunged 2,199.77 points, or 2.66%, over the week, indicating widespread investor caution.

Several global and domestic factors contributed to the downturn. A steep hike in H-1B visa fees triggered heavy selling in IT stocks, while the Indian rupee’s fall to a record low against the US dollar added to the uncertainty. Additionally, the United States’ decision to impose 100% tariffs on branded and patented pharma imports dealt a further blow to market sentiment, said Ponmudi R, CEO of Enrich Money.

Among the b

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