Mukesh Ambani, the chairman of Reliance Industries, lost about ₹22,000 crore in four days due to a sharp decline in the stock market:
Market turmoil
The Indian stock market was experiencing significant turmoil, with the Sensex falling over 1,750 points and the Nifty50 falling to 25,250.
Factors contributing to the decline
The market crash was reportedly due to escalating tensions in West Asia, rising oil prices, SEBI’s measures on F&O trading, and worries about a rebound in Chinese stocks.
Reliance Industries
The company’s market valuation dropped by over ₹22,000 crore, following a sharp fall in the stock market.
Despite the setback
Reliance Industries remains the most valuable company in India.

From :DNA Desk