New Delhi, Oct. 28 -- Jio Platforms' blockbuster stock market debut has reshuffled India's corporate rankings, pushing Tata Consultancy Services (TCS) out of the country's five most valuable companies for the first time in decades. While Jio Platforms surged 21.36% above its IPO price on October 28, TCS shares tumbled nearly 3.5% amid a broader sell-off in information technology stocks and concerns over global economic uncertainty.

Jio Platforms' market capitalisation soared to around Rs.12.5 lakh crore, making it India's second-most valuable company. Meanwhile, TCS slipped to sixth place, with its market capitalisation falling to Rs.8.76 lakh crore as its shares declined to Rs.2,411.70.

Reliance Industries remained the most valuable fi...