Last week, Mukesh Ambani, India’s richest man and chairman of Reliance Industries, experienced a massive blow as the company’s valuation dropped by a staggering ₹22,000 crore! The decline comes amid a broader market slump that shook India’s top corporations. Despite this setback, Reliance remains India’s most valuable company with a market cap of ₹17,15,498.91 crore. 💪
📊 The Bigger Picture: Indian Stock Market Tumbles
🔻 The BSE Sensex plunged by 1,906 points (-2.39%) this week.
🔻 Heavyweights like HDFC Bank, SBI, and ITC also faced sharp declines.
🔻 The market’s fall highlights volatility triggered by global and domestic challenges.
🔥 Who Lost the Most?
1️⃣ HDFC Bank: ₹34,984.51 crore lost.
2️⃣ SBI: ₹34,984.51 crore wiped out.
3️⃣ Hindustan Unilever: ₹27,830.91 crore down.
4️⃣ ITC: ₹15,449.47 crore lost.
5️⃣ Bharti Airtel: ₹11,215.87 crore drop.
🌟 Bright Spots Amid the Chaos
✅ Infosys: Gains ₹13,681.37 crore (+).
✅ TCS: Posts a modest gain of ₹416.08 crore.
💥 Top 10 Most Valuable Companies Post-Losses:
1️⃣ Reliance Industries – ₹17,15,498.91 crore
2️⃣ TCS – ₹15,00,113.36 crore
3️⃣ HDFC Bank – ₹7,17,584.07 crore
4️⃣ ICICI Bank – ₹8,85,599.68 crore
5️⃣ Bharti Airtel – ₹8,82,808.73 crore
6️⃣ Infosys – ₹7,73,962.50 crore
7️⃣ SBI – ₹7,17,584.07 crore
8️⃣ ITC – ₹5,82,764.02 crore
9️⃣ LIC – ₹5,74,499.54 crore
🔟 Hindustan Unilever – ₹5,61,329.10 crore
🌎 Why Did the Market Crash?
🔹 Global Uncertainty: Inflation, interest rate hikes, and recession fears.
🔹 Domestic Pressures: Slower corporate earnings and consumer demand concerns.
🔹 Sector Volatility: Banking, FMCG, and telecom hit hardest.
💡 Investor Insight:
Short-term pain, long-term opportunity? Corrections like these often create chances to buy undervalued stocks. 📈
Reliance Industries, despite the loss, proves its resilience and continues to lead India’s market.
💬 Your Move? How are you navigating this market volatility? Share your thoughts below! 👇
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