Indian stock market collapsed on Monday due to US-Iran tension. Due to this, the BSE Sensex fell by 788 points. This fall caused losses to the common investors, Mukesh Ambani, the richest businessman and chairman of Reliance Industries (RIL), got 9333 crore rupees ($ 1.3 billion) in a single day. Has been hit
Rakesh Jhunjhunwala also Suffered Heavy Losses
Apart from Mukesh, the stock market veteran Rakesh Jhunjhunwala has also lost about 136 crore rupees ($ 1.9 billion) in just one day on Monday.
Significantly, due to the impact of the crisis in West Asia, the Indian stock market bled on Monday. All sectors were in red marks. During the trading on Monday, the Bombay Stock Exchange (BSE) Sensex fell to a four-month low of 40613. Nifty went below 12 thousand. At the end of trading, the Sensex fell 787.98 points, or 1.90%, to close at 40,676.63.
Due to this, there has been a tremendous decline in the personal wealth of many veteran industrialists and businessmen of India. According to the Forbes Real Time Binary Index, RIL chairman Mukesh Ambani's net worth has fallen by 2.2 per cent, or $ 1.3 billion (about Rs 9333 crore). His total assets came down to $ 57.6 billion. Similarly, the personal wealth of veteran investor Rakesh Jhunjhunwala has fallen by 0.75 per cent i.e. $ 1.9 million (about Rs 136 crore).
Iran's top military commander has been killed by an attack on an Iraq airport at the US on Friday. After this, tension has increased in America and Iran. Due to this, the prices of crude oil have increased in the international market and gold has reached a record level.
Investors Incur a Loss of Rs 2.97 lakh crore
Investors have lost a total of Rs 2.97 lakh crore due to the fall of the stock market on Monday. The market capitalization of listed companies on BSE declined to Rs 153.90 lakh crore as against Rs 156.87 lakh crore earlier. On Monday, all major Asian markets saw a decline. The Nikkei 225 in Tokyo, the Kospi and the S&P ASX 200 in South Korea saw declines.
