Top 10 firms lose Rs 2.9 lakh crore in market capitalization, TCS and Reliance bear the brunt

Nine of India’s top-10 valued firms saw their combined market cap fall by Rs 2.94 lakh crore, with TCS and Reliance Industries experiencing the largest drops during the holiday-shortened week. Among them, Bharti Airtel was the only company to register a gain. The bearish trend was reflected in the BSE Sensex and NSE Nifty, both posting significant declines.