Market Capitalization of India’s Top 10 Firms Plummets by Rs 63,000 Crore, TCS and Bharti Airtel Suffer Most Severe Losses

The top 10 most valued companies in India saw a total loss of Rs 27,004 crores in their market capitalization. The biggest losers were Infosys Ltd. with a loss of Rs 8,511 crores, followed by HDFC Bank Ltd. with a loss of Rs 7,437 crores. Hindustan Unilever Ltd. and Reliance Industries Ltd. also saw significant losses of Rs 6,132 crores and Rs 6,021 crores respectively. The market capitalization of Larsen and Toubro Ltd. declined by Rs 1,258 crores, while ICICI Bank and State Bank of India saw losses of Rs 916 crores and Rs 803 crores respectively. The ranking of the top 10 most valued companies remained unchanged, with Reliance Industries Ltd. maintaining its top spot, followed by Tata Consultancy Services, HDFC Bank Ltd., Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever Ltd., ITC, and HCL Technologies.