No Indian company in global top 100 by market cap
Big shift for India's stock market: For the first time in years, not a single Indian company is in the world's top 100 by market cap.
Reliance Industries, HDFC Bank, and TCS, once regulars on this list, have dropped out after tough market conditions.
India's presence in the global top 500 has also shrunk, with only nine firms left compared to 15 last year.
Reliance, HDFC Bank, TCS face selloffs
Reliance fell from 57th to 106th place, HDFC Bank slid from 97th to 190th, and TCS took the biggest hit, dropping from 84th all the way down to 314th.
Reliance Industries, HDFC Bank, and Bharti Airtel remain above the $100 billion mark, but their decline is mostly due to investor selloffs triggered by high valuations, currency drops, and oil price spikes, especially after tensions between the US Iran, and Israel.
Global factors like brokerage downgrades and rising bond yields have also made things tougher for Indian stocks.