Reliance’s ₹18 Lakh Cr Market Cap Now Mirrors India’s Top Five IT Firms Combined
A steep sell‑off in Indian IT stocks has cut the combined market capitalisation of Infosys, TCS, HCL, Tech Mahindra and Wipro to roughly ₹18.12 lakh crore, essentially equal to Reliance Industries’ valuation. The parity highlights investor anxiety over AI‑driven disruption and lingering macro headwinds, while underscoring Reliance’s outsized influence across the Indian corporate landscape.