📈 Stocks & Economy🇮🇳 India
Magnificent 7 Wipes Out ₹166 Lakh Crore in Market Value — Indian Portfolios Feel the Burn
CNBC·Friday, 3 July 2026
The seven biggest US tech stocks — Microsoft, Nvidia, Alphabet, Apple, Meta, Tesla, and Amazon — shed roughly $2 trillion in market cap during June and are now in the red for the year. A rough June pushed the group, which had dominated global markets, into negative territory for 2026. Indian mutual funds and ETFs with US tech exposure are directly caught in this downturn.
Why It Matters
Millions of Indians invest in US-focused mutual funds and international ETFs that hold these exact stocks. A $2 trillion wipeout isn't distant news — it shows up in your portfolio statement.
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