Latest IT majors News & Updates

Indian Companies Lose Over Rs 2 Lakh Crore in Market Value Last Week

By

Mumbai, April 26 (IANS) The combined market valuation of seven of India’s top-10 most valued companies eroded by over Rs 2 lakh crore last week, with Reliance Industries and Tata Consultancy Services (TCS) emerging as the biggest laggards.The downturn came in line with a bearish trend on Dalal Street, where the Sensex plunged 1,829.33 points, or 2.33 per cent, while the Nifty declined 455.6 points, or 1.87 per cent during the week.Market sentiment remained under pressure after two consecutive …