The Indian equity market has experienced a downturn in March, with the benchmark Nifty 50 index falling nearly 6% to its lowest level in nine months. In the first fortnight of March, foreign portfolio investors (FPIs) withdrew approximately ₹30,000 crore from Indian equities, contributing to the market's decline. The combined market capitalization of five of the top ten most valued firms decreased by ₹93,357.52 crore, heavily impacting IT giants Infosys and Tata Consultancy Services (TCS). Infosys saw its market capitalization drop by ₹44,226.62 crore, bringing its total to ₹6,55,820.48 crore, while TCS's valuation fell by ₹35,800.98 crore to ₹12,70,798.97 crore. Other firms such as Hindustan Unilever, State Bank of India, and Reliance Industries also reported declines in market value. Conversely, ICICI Bank and HDFC Bank posted gains, with ICICI Bank's valuation increasing by ₹25,459.16 crore.