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Market cap of seven top firms contracts by ₹3.63 lakh crore
Seven of India’s ten largest companies saw their combined market valuation fall by around ₹3.63 lakh crore, driven by declines in heavyweight stocks like Reliance Industries.
The combined market valuation of seven of India’s ten most-valued companies shrank by about ₹3.63 lakh crore in recent sessions, led by underperformance in heavyweight stocks such as Reliance Industries. Weaker global cues and profit-booking weighed on equity valuations. As a result, benchmark indices saw heightened volatility while heavyweight stock valuations lagged broader market gains over the period.