Ambani’s Reliance Takes a Hit—Meanwhile, Tata and Murthy’s Firms Cash In

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India’s equity markets saw a sharp divergence last week as Reliance Industries lost over ₹21,516 crore in market value, while TCS and Infosys posted strong gains, reflecting shifting investor sentiment amid global uncertainty.

Key Highlights:

Reliance Industries saw its market cap drop to ₹19.31 lakh crore, making it one of the biggest laggards among India’s top 10 most valuable firms. The decline followed a broader market dip, with the BSE benchmark falling 1.3% over the week.
HDFC Bank and ICICI Bank also faced steep losses, shedding ₹47,075 crore and ₹30,677 crore in value, respectively.
In contrast, Tata Consultancy Services (TCS) added ₹22,215 crore to its valuation, reaching ₹12.47 lakh crore. The rally was driven by renewed optimism in IT services and strong deal pipelines.
Infosys followed suit, gaining ₹15,578 crore in market cap, buoyed by positive investor outlook and steady earnings performance.
Other gainers included Oil India and Tube Investments, reflecting selective interest in energy and manufacturing stocks.

The week’s market action underscores a growing tilt toward defensive and techdriven plays, even as heavyweight conglomerates like Reliance face pressure from global headwinds and sectorspecific challenges.

Source: Moneycontrol, Times Now, MSN News.