Noel Tata’s million-dollar fortune takes a hit as Ratan Tata’s company suffers a staggering Rs 11,05,500,000,000 loss in just five days, thanks to…

India’s top 10 most-valued companies suffered a significant erosion in market value, with a combined loss of Rs 4,95,061 crore last week. Reliance Industries and Tata Consultancy Services (TCS) were among the biggest losers, with market valuation declines of Rs 91,140.53 crore and Rs 1,10,550.66 crore, respectively. The market capitalization of other top companies also took a hit, with HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Infosys, Life Insurance Corporation of India, Hindustan Unilever, and ITC all experiencing losses. The selloff was driven by a shift in investor sentiment, fueled by the US Federal Reserve’s policy announcement and the subsequent rise in global market volatility. The plunge in market valuation comes as a result of growing concern about potential interest rate hikes, which is affecting investor confidence. The erosion in top companies’ market value is a testament to the vulnerability of even the largest companies during turbulent market conditions.