Top-10 Indian firms, including TCS and Reliance, lose Rs 4.95 lakh crore amid market slump

The combined market valuation of India’s top-10 most valued firms declined by Rs 4,95,061 crore last week, aligning with a downturn in equities. Tata Consultancy Services (TCS) and Reliance Industries faced the steepest downturn, contributing to the overall market slump.

The BSE benchmark fell by 4,091.53 points or 4.98 per cent, marking the steepest weekly decline since June 2022. The Nifty index lost 4.77 per cent during the week, driven largely by a shift in market sentiment following the US Federal Reserve’s policy announcement.