RIL shares fall by virtually 13%
ONGC shares fell practically 15%
Seen trending on Twitter #reliance Hashtags
Crude oil costs fall
Raj Express Corona's orgy was already happening world wide. At the identical time, it has now been reported that the inventory market has come down on Monday. The fall within the inventory market has additionally impacted India's well-known and legendary Reliance Industries Limited (RIL), owned by India's commonest man Mukesh Ambani. <! –
Yes, the inventory of Reliance Industries has additionally declined. Due to this, on social media platform Twitter #reliance Hashtag is seen trending.
Reliance Industries Ltd. shares fell by virtually 13% within the worldwide market. At the identical time, the shares of state-run Oil and Natural Gas Corporation Limited (ONGC) additionally declined by about 15%. The fundamental motive for the decline within the share of each these corporations is the 25-31% fall in crude oil costs.
Market cap of RIL:
Reliance Industries Ltd. shares fell 13% to 1,105. Let or not it’s stated that that is the largest decline since October 2008 in RIL firm. Not solely this, as a result of this decline, the market cap of RIL reached Rs 6.97 lakh crore. As a result of this decline, RIL's share holders incurred a lack of Rs 1.08 lakh crore on Monday. As a result, the market cap of this RIL has now come down from TCS. For your data, tell us that TCS has a market cap of Rs 7.31 lakh crore.
ONGC Market Cap:
On Monday, the market cap of state-run Oil and Natural Gas Corporation Limited (ONGC) additionally recorded a fall and fell by Rs 1 lakh crore. However, the principle motive can be the decline in crude oil. And the principle motive for the decline on this crude oil is the worth struggle waged by Saudi Arabia which was because of the lack of consensus among the many world's main oil producing international locations on manufacturing cuts.