Reliance market value now equals India's top five IT companies combined

Reliance Industries' market cap of around Rs 18 lakh crore now roughly equals the combined market capitalisation of India's top five IT companies (TCS, Infosys, HCL Technologies, Tech Mahindra, Wipro), which together stood at just over Rs 18.12 lakh crore. IT stocks have fallen up to 36 percent so far in 2026 amid AI-led disruption fears and macro headwinds, while Reliance shares are down 17 percent YTD. Nomura flagged a 'perfect storm' of geopolitical tensions and subdued client spending, expecting FY27 to be another subdued year for the sector.