Top Indian firms saw over Rs 3 lakh crore wiped off their market value last week, with IT giants TCS and Infosys leading the decline. A broad market selloff, fueled by global cues and AI disruption fears impacting tech stocks, dragged down valuations. However, select banking and financial stocks like SBI managed to gain. Top Indian firms saw over Rs 3 lakh crore wiped off their market value last week, with IT giants TCS and Infosys leading the decline. A broad market selloff, fueled by global cues and AI disruption fears impacting tech stocks, dragged down valuations. However, select banking and financial stocks like SBI managed to gain.
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Six of top-10 firms lose over Rs 3 lakh crore in market cap; TCS, Infosys hit hard
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