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Fierce market volatility has hit India’s top 10 companies, with TCS and RIL leading the decline, as their market capitalization shrinks by a staggering Rs 1.27 lakh crore.

The top 10 most-valued companies in India lost a cumulative market value of Rs 17,572 crore (approximately $2.2 billion) on Friday. Tata Consultancy Services (TCS) and Reliance Industries were the biggest losers, with market valuations declining by Rs 36,759.77 crore...