Reliance Industries m-cap plunges Rs 58,091.87 cr in a day

New Delhi: A sharp plunge in the share price of Reliance Industries Limited, the country’s most valued firm, wiped out Rs 58,091.87 crore from its market valuation in just a day. The market bellwether’s scrip plummeted 8.28 per cent to close the day at Rs 1,015.25 on the BSE. During the day, it dropped 9.15 per cent to Rs 1,005.55.

Led by the plunge in the scrip, Reliance Industries, the oil-to-telecom conglomerate, suffered a massive erosion of Rs 58,091.87 crore from its valuation which now stands at Rs 6,43,594.13 crore on the BSE.

A heavy sell-off in the equity market since past few days has pulled down the company’s market valuation sharply.