📈 Stocks & Economy🇮🇳 India
Magnificent 7 Loses $2 Trillion in June — India's Tech-Heavy Portfolios Feel the Burn
CNBC·Sunday, 5 July 2026
The seven biggest US tech stocks — Microsoft, Nvidia, Alphabet, Apple, Meta, Tesla, and Amazon — collectively lost roughly $2 trillion in market cap during June, pushing the group into the red for 2026. It was a rough first half for a basket of stocks that many Indian mutual funds and international ETFs are heavily exposed to. The decline marks a notable reversal after years of dominance by these names.
Why It Matters
Many Indian investors hold US-focused funds or international ETFs that are heavily weighted toward these seven companies. A $2 trillion wipeout directly dents the value of those portfolios.
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