The Indian stock market has had a bad week; there were large swings on Dalal Street. The negative impact of those swings can be seen very clearly in the largest companies in India. Eight of the ten largest companies listed on the Bombay Stock Exchanges’ 30-share Sensex saw declines in their market capitalizations in the last week due to the downturn in the stock market.

However, Reliance Industries Limited, which is owned by Mukesh Ambani, is one of the very few businesses during this time of market downturn to experience an increase in their market capitalisation. As a result, the company has seen an increase in market capitalisation of more than ₹20,000 crores to date.

The majority of businesses within the BSE Sensex, or 8 out of the 10 listed companies, reported a market capitalisation loss of ₹79,129.21 crores for the past week. Additionally, the overall market performance of the BSE Sensex fell 444.71 points or 0.51% throughout the week. The companies with the largest loss this past week were Bajaj Finance and ICICI Bank, which suffered the largest declines in share price during the past week. On the other hand, the shares of HDFC Bank, Bharti Airtel, TCS, SBI, Infosys and LIC all lost substantial amounts during the week and will likely continue to do so until there is some stabilisation within the market overall.

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How much has Reliance grown?

The market value of Reliance Industries, owned by Mukesh Ambani, has increased significantly in the last week. In just five days, Reliance’s market value reached ₹21,05,652.74 crore. Compared to a week ago, investors have gained ₹20,434.03 crore from these shares in the last five days.

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Note: Investments in the stock market are subject to market risks. This report is for informational purposes only. No investment advice or recommendations have been given here. It is advisable to seek expert advice before investing in the stock market.