Reliance Industries Ltd (RIL) witnessed a ₹40,800 crore decline in market capitalization, emerging as the biggest loser among India’s top 10 most valued companies amid broader stock market weakness.
Key Market Movements:
- Reliance Industries: Market cap fell to ₹19,30,339.56 crore, reflecting investor concerns.
- Bharti Airtel: Gained ₹10,121.24 crore, leading the pack of gainers.
- Other Declining Stocks: TCS (-₹17,710.54 crore), Infosys (-₹10,488.58 crore), ICICI Bank (-₹2,454.31 crore), SBI (-₹1,249.45 crore), Hindustan Unilever (-₹5,462.8 crore).
- Stock Market Performance: Sensex dropped 609.51 points (-0.74%), Nifty declined 166.65 points (-0.66%).
Market Sentiment & Investor Outlook
The decline in Reliance Industries’ valuation aligns with global uncertainties and profit-booking trends. Meanwhile, Bharti Airtel’s strong performance reflects positive investor sentiment in the telecom sector.
Future Projections
Analysts expect continued volatility, with Reliance focusing on strategic expansions to regain investor confidence. Airtel’s growth trajectory remains strong, driven by 5G adoption and enterprise solutions.
