Mumbai: The Indian stock market collapsed on Monday due to deepening tension between US-Iran. Due to this, the BSE Sensex has lost 788 points. This fall has caused losses to ordinary investors, as well as the country's richest businessman and owner of Reliance Industries (RIL), Mukesh Ambani, who has suffered a huge loss of Rs 9333 crore ($ 1.3 billion) in a single day.
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Apart from Mukesh, the stock market veteran Rakesh Jhunjhunwala has also lost about 136 crore rupees ($ 1.9 billion) in a single day on Monday. It is noteworthy that due to the impact of the crisis in West Asia, the Indian stock market was seen in a red mark on Monday. During the trading on Monday, the Bombay Stock Exchange (BSE) Sensex had dropped to a four-month low of 40613. Nifty had dived below 12 thousand. At the end of trading, the Sensex slipped 787.98 points, or 1.90%, to close at 40,676.63.
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Due to this, there has been a big decline in the personal wealth of many veteran industrialists and businessmen of India. According to the Forbes Real Time Binary Index, RIL Chairman Mukesh Ambani's net worth has fallen by 2.2 percent, ie $ 1.3 billion (about Rs 9333 crore). His total assets have come down to $ 57.6 billion. Similarly, the personal wealth of veteran investor Rakesh Jhunjhunwala has fallen by 0.75 percent i.e. $ 1.9 million (about Rs 136 crore).
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