Mukesh Ambani Net Worth: Reliance Industries owner and chairman Mukesh Ambani has suffered huge losses last week. Due to the fall in the stock market last week, the company's market valuation has decreased by more than 22 thousand crores. At the same time, in terms of market capitalization, the valuation of eight of the top 10 companies in the country has decreased by Rs 1,65,180.04 crore.
During this period, the private sector HDFC Bank and the public sector State Bank of India (SBI) have suffered the most losses. Last week, the BSE Sensex fell by 1,906.01 points or 2.39 percent. The stock markets were closed on Friday on the occasion of Guru Nanak Jayanti.
State Bank of India also suffered losses.
SBI's valuation fell by Rs 34,984.51 crore to Rs 7,17,584.07 crore. Hindustan Unilever's valuation fell by Rs 27,830.91 crore to Rs 5,61,329.10 crore and Reliance Industries' valuation fell by Rs 22,057.77 crore to Rs 17,15,498.91 crore.
The market capitalization (cap) of ITC fell by Rs 15,449.47 crore to Rs 5,82,764.02 crore and that of Bharti Airtel fell by Rs 11,215.87 crore to Rs 8,82,808.73 crore. The valuation of the Life Insurance Corporation of India (LIC) fell by Rs 4,079.62 crore to Rs 5,74,499.54 crore and that of ICICI Bank fell by Rs 2,832.38 crore to Rs 8,85,599.68 crore.
Infosys and Tata Consultancy make profits.
However, the market capitalization of Infosys increased by Rs 13,681.37 crore to Rs 7,73,962.50 crore. Apart from this, the market cap of Tata Consultancy Services (TCS) increased by Rs 416.08 crore to Rs 15,00,113.36 crore.
Reliance Industries remained the most valuable domestic company, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, LIC and Hindustan Unilever.
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