Tata Consultancy Services, Reliance Industries Lead Market Valuation Decline

The combined market valuation of seven of India’s top-10 most-valued companies declined by nearly ₹2 lakh crore last week, amid a bearish trend in domestic equities.

Tata Consultancy Services and Reliance Industries emerged as the biggest laggards during the week.

The sell-off came as the BSE Sensex fell 1,829.33 points, or 2.33 per cent, while the Nifty 50 dropped 455.6 points, or 1.87 per cent.

Market experts said equities ended lower after two straight weeks of gains, weighed down by heightened geopolitical tensions and weak earnings commentary from major IT companies.

According to analysts, cautious investor sentiment and profit-booking also contributed to the sharp decline in valuations.

The development reflects broader volatility in markets as investors track global risks and corporate earnings performance.