Market Crash Big Impact: There is not a single Indian in the world’s ‘Top 100’ companies, IT sector is devastated, know why the Indian stock market is sinking?

Business Desk- Market Crash Big Impact: The Indian stock market has been going through a period of heavy selling for some time. This has brought the country to a turning point which no one had ever imagined. Due to this huge decline in the domestic equity market, for the first time in history, not a single Indian company is included in the list of the world’s top 100 companies by market capitalization.

By the start of 2025, India was in a strong position in this global list, with giants like Reliance Industries (RIL), HDFC Bank and TCS among the top 100. However, today, India has lost this glory due to continuous selling by foreign investors and overall market weakness.

From Reliance to TCS: Huge drop in global rankings

Reliance Industries (RIL): The country’s most valuable company, Reliance, was ranked 57th at the beginning of 2025 and 73rd at the beginning of 2026. Now it has slipped to 106th place.

HDFC Bank: India’s largest private sector bank, which was ranked 97th at the beginning of 2025, has now slipped to 190th.

Bharti Airtel: The country’s largest telecom company, which was ranked 164th in the beginning of 2026, has now fallen to 202nd position.

Banking sector situation: ICICI Bank has slipped to 274th position, while the country’s largest public sector bank, SBI, has fallen to 276th position.

Biggest disaster in IT stocks: Technology stocks suffered the most loss.

TCS: The country’s largest software company, TCS, has seen the sharpest decline in global rankings. This company, which was ranked 84th at the beginning of 2025 and 171st at the beginning of 2026, has now fallen straight to 314th position.

Infosys: The country’s second largest IT company has now slipped from 198th place to 590th. Apart from this, ITC has also slipped from 296th position to 702nd position.

Many giants out of $100 billion club; India’s presence in the top 500 also decreased

This market weakness has also shortened India’s “$100 billion club”. Earlier this year, around six Indian companies were members of this exclusive club, however, now only three companies remain above this magical figure.

Reliance Industries: Market cap around $198 billion
HDFC Bank: Market cap around $124 billion
Bharti Airtel: Market cap around $113 billion

Due to this decline, ICICI Bank, State Bank of India and TCS have all lost their $100 billion status. Meanwhile, India’s presence in the list of the world’s top 500 companies has declined from 15 at the beginning of 2025 to 13 by the beginning of 2026. Now it has reduced to just nine companies.

Why is the Indian market declining?

This trend of decline in Indian markets started in the middle of 2024 itself. However, several recent global crises have made the situation even worse.

Middle East Crisis:

Due to the ongoing conflict between the US, Iran and Israel, crude oil prices have crossed the $100 per barrel mark. Since India imports more than 80% of its oil needs, this situation increases the risk of rising domestic inflation and worsening fiscal deficit.

Flood of downgrades from global brokerage houses:

Major global rating and brokerage agencies have downgraded their outlook on the Indian market. UBS, Morgan Stanley and Nomura in March; JP Morgan, HSBC and Goldman Sachs in April; And Citi all downgraded India’s market outlook in the first week of May. b

Rising US bond yields:

In the US, the 10-year bond yield has risen to 4.6%, while the 30-year bond yield has reached 5.159%. With such attractive and risk-free returns available in the US, foreign institutional investors (FIIs) are pulling their capital out of emerging markets like India and sending it back to the United States.

US ‘tech giant’ companies dominate global markets

On one hand, Indian companies are losing their place in global rankings. Whereas US tech companies are maintaining their dominance on the world stage. Thanks to AI, Nvidia remains the world’s most valuable company, with a market capitalization of $5.33 trillion.

After this, Alphabet (Google) is in second place, whose market capitalization is $4.7 trillion. In third place is Apple, whose market capitalization is $4.3 trillion. Microsoft and Amazon are also among the top five companies in the world.