Share market drop

@allknowing (153530)
India
October 4, 2024 4:23am CST
On Thursday there was a heavy drop in shares specfially those of the biggest compaies Reliance. Both brothers Mukesh and Anil lost heavily Mukesh lost Rs 77,607,00,000,00/- The war atmosphere is partly to be blamed. The market opened still lower today - Friday Can you express the above figure in words? I cannot.
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6 responses
A A
@anya12adwi (10292)
• India
4 Oct 24
77 billion! Do you also invest in stock market?
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Always smiling
@allknowing (153530)
• India
4 Oct 24
one billion has 9 zeros or spaces but here there is one more!! Could be trillion?
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Always smiling
@allknowing (153530)
• India
4 Oct 24
@anya12adwi Brilliant!!
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A A
@anya12adwi (10292)
• India
4 Oct 24
@allknowing Oh I got it now! I counted wrong.. 776 Billion.. Or 0.7 Trillion! It would have been 7 trillion if it was followed by 12 digits but it has only 12 digits!
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Anna
@LadyDuck (502427)
• Italy
4 Oct 24
The stock market was too high, there are a serious risk of war in the air and rich people "expect" that the market will crash if Kamala Harris is elected, so they are quitting just to be safe.
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Always smiling
@allknowing (153530)
• India
4 Oct 24
There are several factors that have affected the market. Anyway this does not bother me as I am not into shares any more.
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Anna
@LadyDuck (502427)
• Italy
4 Oct 24
@allknowing Same as you, after we retired we had more than enough to trade shares.
rakski
@rakski (156462)
• Philippines
4 Oct 24
what? I am sorry, I cannot explain that
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Xavier Bage
@franxav (14591)
• India
4 Oct 24
Even after losing this much money they will still remain the richest people in India.
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Always smiling
@allknowing (153530)
• India
4 Oct 24
But I doubt if they will be able to face it as they would have dropped from the list of the richest in the world For many happiness is when they get their daily bread but for this kind it is their rank
Arunima Singh
@arunima25 (93194)
• Bangalore, India
4 Oct 24
I lost it after hundred crores Yes, the war atmosphere is to be blamed. Also, the uncertainty around American elections.
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Anish Asokan
@RevivedWarrior (3853)
• India
5 Oct 24
Share market has always behaved negatively when it comes to wars globally .It has nothing speicific for India. Again, the reason for lower market was also becuase of the stimulus package provided by China, luring foreign investors to invest in China and so they are withdrawing from Indian stock market and trying there. Again, ups and down and normal and both Ambanis are well verse with that. Once things normalize or there is a bull run again , these figures could be captured by both brothers. The total loss for Indian stock Market over last 3 days has been bigger than these figures. The only thing I could say , it is good time to invest in quality Indian stocks!
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Always smiling
@allknowing (153530)
• India
5 Oct 24
Investing now depends if the market does not tank again. It is a wait and watch situation.
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