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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...