In a significant market downturn, the top 10 most-valued firms in India collectively saw their market capitalization plummet by Rs 1.41 lakh crore, with TCS and RIL posting the steepest losses.

The Indian stock market saw significant losses on a single day, with HDFC Bank Ltd. and Bharti Airtel Ltd. taking the biggest hits, losing Rs 26,929 crore and Rs 26,501 crore respectively. State Bank of India and ICICI Bank Ltd. also saw significant losses, with a decline of Rs 9,950 crore and Rs 8,521 crore respectively. The market value of IT giants Infosys Ltd. and HCL Technologies Ltd. also declined, with losses of Rs 2,512 crore and Rs 1,723 crore respectively. Hindustan Unilever Ltd. saw a decline of Rs 505 crore. Despite these losses, Reliance Industries Ltd. (RIL) remained the most-valued company in the Indian market, followed by Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever Ltd., ITC Ltd., and HCL Technologies Ltd.