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The market capitalization of India’s top 10 most valued companies takes a hit of ₹2.9 lakh crore, with TCS and RIL bearing the brunt of the decline.

During the holiday-shortened week, the ten most valued companies in India’s domestic equity market collectively lost a significant amount of market capitalization. Nine out of the ten companies saw their values decline, with Tata Consultancy Services (TCS)...