Mcap of seven of top-10 most valued firms erode by Rs 1.22 lakh Cr; TCS, Reliance biggest laggards

Quick Summary:

Tata Consultancy Services and Reliance Industries emerged as the biggest laggards, in line with weak trend in equities.

The falling inflation rate gives the Reserve Bank of India (RBI) room to potentially reduce interest rates in the future, which would further stimulate the economy, the report added.

According to a report from Client Associates (CA), a leading multi-family office, the Indian stock market has remained largely unfazed by global geopolitical risks in recent years.

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Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: IndiaChinaUkraine

Topics: Bank Crore Top-10 Mcap India Reliance Valuation Industries Market Services Seven

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-13 @ 07:28:27 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 25 lines

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News ID: 23015476

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