Investor wealth eroded by Rs 1.24 lakh crore on Monday amid huge selling pressure in the equity market where the Sensex plunged 363 points
Led by the sharp loss in the equity market, the market capitalisation of the BSE-listed companies plunged Rs 1,71,287.84 crore to Rs 1,43,71,351.05 crore.
Reliance Industries topples TCS to become most valued firm by market capitalisation; shares surge 28 percent this year
So far this year, RIL shares have surged over 28 percent, while those of TCS slumped 28.5 percent.
Reliance Industries on Wednesday regained the status of the country's most valued firm in terms of market valuation, surging past IT major Tata Consultancy Services (TCS).
At close of the trade today, the market capitalisation (m-cap) of RIL stood at Rs 5,04,458.09 crore, making it the most valued company in the country.