Mukesh Ambani loses Rs 80000 crore in just 2 days due to…
Mukesh Ambani led-Reliance Industries witnessed a major drop in the company’s shares. The Sensex was down by 1100 points on September 30 and it had an impact on big players like Reliance Industries.. The company’s shares fell sharply and lost a market cap of Rs 80000 crore.
On September 30, shares of Reliance Industries recorded a drop of 3%. The shares saw a decline of 3.35% at BSE. The trend continued on Tuesday and the shares witnessed a drop of 0.89% at Rs 2927. The company’s market cap plummeted to Rs 67000 crore on Monday and it registered Rs 12000 crore loss on Tuesday.
The company’s shares experienced a mixed reaction, fluctuating over the past few days. This volatility led to losses for investors due to the recent dip in share prices.
Indian stock indices slumped sharply on Monday early trade, and continued to remain under pressure as the session progressed. Sensex fell over 1,000 points while Nifty fell about 300 points. Nifty bank, auto, financial services, and realty were among the top losers.
On September 27 too, after logging sixth straight session highs, stock indices in India closed the week’s trade marginally in the red, presumably attributable to profit booking.