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šØ Mukesh Ambani Faces ā¹22,000 Crore Loss Amid Market Turmoil šØ Mukesh Ambani, chairman of Relianc
šØ Mukesh Ambani Faces ā¹22,000 Crore Loss Amid Market Turmoil šØ
Mukesh Ambani, chairman of Reliance Industries, witnessed a significant financial setback as the companyās market valuation plummeted by ā¹22,000 crore last week. This decline came amidst a broader market sell-off that wiped out ā¹1,65,180.04 crore across Indiaās top 10 companies by market capitalization. Despite this loss, Reliance Industries remains Indiaās most valuable company, reflecting its stronghold in the market.
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Major Losers in the Market Downturn
Reliance Industries: The conglomerateās market value dropped by ā¹22,057.77 crore, bringing its valuation down to ā¹17,15,498.91 crore.
HDFC Bank and SBI: Both financial giants suffered substantial losses, with SBIās market cap decreasing by ā¹34,984.51 crore to ā¹7,17,584.07 crore, and HDFC Bank feeling the pressure due to the Sensex drop of 1,906.01 points (2.39%).
Hindustan Unilever: The FMCG leader lost ā¹27,830.91 crore in valuation, now standing at ā¹5,61,329.10 crore.
ITC: The market cap reduced by ā¹15,449.47 crore, settling at ā¹5,82,764.02 crore.
Bharti Airtel: The telecom major saw a loss of ā¹11,215.87 crore, lowering its valuation to ā¹8,82,808.73 crore.
Life Insurance Corporation (LIC): The insurance behemoth experienced a dip of ā¹4,079.62 crore, closing at ā¹5,74,499.54 crore.
ICICI Bank: Its valuation declined by ā¹2,832.38 crore, finishing the week at ā¹8,85,599.68 crore.
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Silver Linings: Gains by Infosys and TCS
Amid the marketās overall bearish trend, Infosys and Tata Consultancy Services (TCS) managed to record gains:
Infosys: Its valuation surged by ā¹13,681.37 crore, reaching ā¹7,73,962.50 crore.
TCS: A slight increase of ā¹416.08 crore brought its market cap to ā¹15,00,113.36 crore.
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Resilience Amid Challenges
Despite the setbacks, Reliance Industries continues to dominate as Indiaās most valuable company. It is closely followed by TCS, HDFC Bank, ICICI Bank, and Bharti Airtel in terms of market capitalization. The marketās volatility underscores the importance of strategic resilience, which Reliance continues to demonstrate.
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Stay updated with market trends and make informed decisions as the financial landscape evolves. Donāt forget to engage and share for more updates!
#MarketInsights #RelianceIndustries #IndianEconomy #StockMarketUpdate
Mukesh Ambani, chairman of Reliance Industries, witnessed a significant financial setback as the companyās market valuation plummeted by ā¹22,000 crore last week. This decline came amidst a broader market sell-off that wiped out ā¹1,65,180.04 crore across Indiaās top 10 companies by market capitalization. Despite this loss, Reliance Industries remains Indiaās most valuable company, reflecting its stronghold in the market.
---
Major Losers in the Market Downturn
Reliance Industries: The conglomerateās market value dropped by ā¹22,057.77 crore, bringing its valuation down to ā¹17,15,498.91 crore.
HDFC Bank and SBI: Both financial giants suffered substantial losses, with SBIās market cap decreasing by ā¹34,984.51 crore to ā¹7,17,584.07 crore, and HDFC Bank feeling the pressure due to the Sensex drop of 1,906.01 points (2.39%).
Hindustan Unilever: The FMCG leader lost ā¹27,830.91 crore in valuation, now standing at ā¹5,61,329.10 crore.
ITC: The market cap reduced by ā¹15,449.47 crore, settling at ā¹5,82,764.02 crore.
Bharti Airtel: The telecom major saw a loss of ā¹11,215.87 crore, lowering its valuation to ā¹8,82,808.73 crore.
Life Insurance Corporation (LIC): The insurance behemoth experienced a dip of ā¹4,079.62 crore, closing at ā¹5,74,499.54 crore.
ICICI Bank: Its valuation declined by ā¹2,832.38 crore, finishing the week at ā¹8,85,599.68 crore.
---
Silver Linings: Gains by Infosys and TCS
Amid the marketās overall bearish trend, Infosys and Tata Consultancy Services (TCS) managed to record gains:
Infosys: Its valuation surged by ā¹13,681.37 crore, reaching ā¹7,73,962.50 crore.
TCS: A slight increase of ā¹416.08 crore brought its market cap to ā¹15,00,113.36 crore.
---
Resilience Amid Challenges
Despite the setbacks, Reliance Industries continues to dominate as Indiaās most valuable company. It is closely followed by TCS, HDFC Bank, ICICI Bank, and Bharti Airtel in terms of market capitalization. The marketās volatility underscores the importance of strategic resilience, which Reliance continues to demonstrate.
---
Stay updated with market trends and make informed decisions as the financial landscape evolves. Donāt forget to engage and share for more updates!
#MarketInsights #RelianceIndustries #IndianEconomy #StockMarketUpdate
š U.S. stock markets end higher:
- S&P 500: +0.16%
- NASDAQ: +0.07%
- Dow: +0.47% šš #StockMarketUpdate #MarketIndices šŗšøšļø
- S&P 500: +0.16%
- NASDAQ: +0.07%
- Dow: +0.47% šš #StockMarketUpdate #MarketIndices šŗšøšļø
š U.S. stock indices close higher:
- S&P 500: +1.89%
- NASDAQ: +1.78%
- Dow: +1.70% šŗšøš #StockMarketUpdate ššš
- S&P 500: +1.89%
- NASDAQ: +1.78%
- Dow: +1.70% šŗšøš #StockMarketUpdate ššš
ššŗšø U.S. stock indexes on the rise:
S&P 500: +0.54%
NASDAQ: +0.73%
Dow: +0.37%
#StockMarketUpdate #BitcoinWorld šš
S&P 500: +0.54%
NASDAQ: +0.73%
Dow: +0.37%
#StockMarketUpdate #BitcoinWorld šš
š Major U.S. stock indices surge by around 1%, with S&P 500 up 1.77%, Dow up 1.53%, and Nasdaq up 1.74% intraday. šŗšøš #StockMarketUpdate ššš
šŗšø US stock market's major indices kick off with mixed performance:
- S&P 500: +0.02%
- NASDAQ: -0.32%
- Dow: +0.19% šš #StockMarketUpdate
- S&P 500: +0.02%
- NASDAQ: -0.32%
- Dow: +0.19% šš #StockMarketUpdate
šØ Breaking News: Mixed start for major U.S. stock indices:
- S&P 500: +0.07%
- NASDAQ: +0.12%
- Dow: -0.05% šššŗšø #StockMarketUpdate
- S&P 500: +0.07%
- NASDAQ: +0.12%
- Dow: -0.05% šššŗšø #StockMarketUpdate
š The three major U.S. stock indexes closed higher:
- S&P 500: +0.59%
- NASDAQ: +0.66%
- Dow: +0.68% šŗšøš #StockMarketUpdate
- S&P 500: +0.59%
- NASDAQ: +0.66%
- Dow: +0.68% šŗšøš #StockMarketUpdate
šŗšø US stock market's major indices wrap up with mixed performance:
- S&P 500: -0.34%
- NASDAQ: -0.56%
- Dow: +0.03% šš #StockMarketUpdate
- S&P 500: -0.34%
- NASDAQ: -0.56%
- Dow: +0.03% šš #StockMarketUpdate
š Ark Investment, headed by Cathy Wood, sells 10,218 shares of Coinbase stock for $1.44 million, while acquiring 14,702 shares of Robinhood stock worth $140,000, as reported by Ark Investment Daily. š¼š° #StockMarketUpdate #Investment šš
šØ Mukesh Ambaniās Fortune Dips by ā¹16,000 Crore in Just One Day ā What Happened? šØ
In a shocking turn of events, Mukesh Ambani, one of Indiaās richest tycoons, saw a massive ā¹16,000 crore wiped from his fortune after a sharp 2% drop in Reliance Industriesā stock price. This sudden downturn dropped Ambani to 15th on the Bloomberg Billionaires Index, leaving his net worth at $102 billion.
This comes after some lavish purchases, including a $150 million Boeing 737 private jet and a $1.3 million Rolls Royce Cullinan SUV. While Ambaniās wealth took a hit, Gautam Adani, another major Indian billionaire, gained $266 million, rising to 18th in the worldās rich list.
At the top, Elon Musk holds strong with $241 billion, while Jeff Bezos follows at $211 billion. This serves as a reminder of the rapid wealth shifts in the world of billionaires.
Stay tuned for more updates on the financial world.
#MukeshAmbani
#WealthShift
#CryptoOnBinance
#StockMarketUpdate #Write2Earn!
$SOL
In a shocking turn of events, Mukesh Ambani, one of Indiaās richest tycoons, saw a massive ā¹16,000 crore wiped from his fortune after a sharp 2% drop in Reliance Industriesā stock price. This sudden downturn dropped Ambani to 15th on the Bloomberg Billionaires Index, leaving his net worth at $102 billion.
This comes after some lavish purchases, including a $150 million Boeing 737 private jet and a $1.3 million Rolls Royce Cullinan SUV. While Ambaniās wealth took a hit, Gautam Adani, another major Indian billionaire, gained $266 million, rising to 18th in the worldās rich list.
At the top, Elon Musk holds strong with $241 billion, while Jeff Bezos follows at $211 billion. This serves as a reminder of the rapid wealth shifts in the world of billionaires.
Stay tuned for more updates on the financial world.
#MukeshAmbani
#WealthShift
#CryptoOnBinance
#StockMarketUpdate #Write2Earn!
$SOL