ITC, Eternal slide as Indian equities shed Rs 6 lakh crore
Indian equities lost Rs 6 lakh crore on Thursday, with retail-linked stocks among the laggards. ITC fell 3.20% and Eternal 2.75%; Trent, Reliance Industries and Titan also declined amid foreign selling, higher US bond yields and rupee weakness.
Read the source at Times of India · BusinessWhy it matters to operators and investors
ITC’s 3.20% and Eternal’s 2.75% declines came amid foreign selling, higher US bond yields and rupee weakness, warranting separation of macro pressure from company-specific risks.
What to watch next
- Foreign investor flows turning into sustained net buying
- US bond yields easing or extending their rise
- The rupee stabilising or weakening further
- ITC and Eternal outperforming or lagging the broader market
- Company results showing resilient earnings or margin pressure
The counter-case
The retail-specific framing is weak: the reported declines occurred during a broad market selloff, with no evidence of deteriorating sales, margins or company-specific fundamentals. The Rs 6 lakh crore figure represents lost market value, not equivalent cash outflows or reduced consumer spending.