Reliance’s Market Cap Decline: Top 10 Indian Firms Lose ₹3.63 Trillion
Market Value Drops for Top Indian Firms
The combined market valuation of seven of India’s ten most valuable companies fell by Rs 3,63,412.18 crore last week. Reliance Industries experienced the largest decline as equity markets faced a bearish trend.The BSE benchmark dropped 2,185.77 points, or 2.54 percent, during the same period.
Ponmudi R, CEO of Enrich Money, explained that the downturn reflects increased investor caution stemming from renewed U.S. tariff threats adn growing geopolitical tensions.
Companies seeing significant losses included:
Other companies affected were ICICI Bank and State Bank of India.