An analysis of 339 companies in the BSE 500 index (excluding BFSI and oil and gas) by Ace Equity showed that their cash reserves fell by over ₹43,000 crore between March 31 and September 30. Total cash declined from ₹7.8 trillion to ₹7.36 trillion. This is reportedly the first time since September 2022 that cash buffers of Indian companies dipped.