Coronavirus: Rs 1.1 lakh crore erosion in 70 Mukesh Ambani properties in the last day

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New Delhi, March 12, 2020 Thursday

The threat of the Corona virus has spread to people in a way that has stirred investors, and has turned to secured capital investment, causing the stock market to collapse.

The Sensex lost 3200 points during trading today. Later it closed at 2900 points with a few corrections. The market breakdown also affected the richest man in the country, Mukesh Ambani.

Price at lowest level in 52 weeks

Today, Reliance's stock closed at 1063, while in the meantime it reached 1048, the last trading day of December 27, 2019 was at Rs 1537.

The stock price has fallen to 1063 in the last 70 days, the price of one stock has dropped by about Rs 475, which means that the shares of Reliance have dropped by about 30% due to corona and other reasons.

Asia's richest title stripped

Mukesh Ambani's property has suffered a lot due to the stock market boom, his assets have lost about $ 15.20 billion (1.1 lakh crore) in the last 70 days.

The title of the richest man in the world has been stripped of them, once again Alibaba chairman Jack Ma has become the richest man in Asia.

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