India’s $100 billion club shrinks as large caps lead market rout
Published on 13/03/2026 09:07 PM
India’s $100 billion club shrinks as large caps lead market routRising West Asia tensions and a weakening rupee have erased $740 billion from Indian equities, pushing TCS and ICICI Bank out of the $100-billion market-cap club.By Yoosef K March 13, 2026, 9:07:45 PM IST (Published)Escalating geopolitical tensions in West Asia and a weakening rupee have triggered a sharp erosion of investor wealth in Indian equities, wiping out nearly $740 billion in market value since the peak seen in July last year. The risk-off sentiment sweeping global markets has weighed heavily on India, with large-cap stocks bearing the brunt of the selloff.Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18's flagship events Interaction with CNBC-TV18's journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offers