
Last week, the Indian stock market witnessed a lot of ups and downs. Both BSE Sensex and NSE Nifty were in decline. Sensex fell 759.58 points (-0.98%) and Nifty fell 228.3 points (-0.97%). During this period, 6 of the top 10 companies of Sensex suffered a loss of ₹1.71 lakh crore. But, investors of Reliance Industries made a blast of ₹80,000 crore.
Reliance created a stir
Mukesh Ambani’s Reliance Industries gave a profit of ₹ 80,000 crore in just 5 trading days, which was the biggest earning company this week. This performance of Reliance was different from other companies and made investors happy.
Infosys and TCS suffered a big blow
On the other hand, big companies of IT sector like Infosys and TCS suffered a lot. Due to global economic uncertainty and fall in demand of technology stocks, the valuation of these companies went down.
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