Reliance leads top 5 firms with significant market cap drop


Content Team
Image Credit: newsbytes

Over the past week, five of India's top 10 valued companies experienced a combined market capitalization loss of Rs. 2,23,660 crore. Reliance Industries and Life Insurance Corporation of India (LIC) were hit the hardest. Reliance Industries' market cap plunged by Rs. 81,763.35 crore to Rs. 19,19,595.15 crore. LIC's market value dropped by Rs. 63,629.48 crore to Rs. 5,84,967.41 crore. During this time, the BSE benchmark index fell by 1,475.96 points or 1.99%.