On the verge of being out of top-20 billionaires

Adani Group Chairman Gautam Adani is now close to being out of the list of the world’s top 20 billionaires. After the huge fall in the stock market on Monday due to HMPV virus, his net worth has come down to $74.5 billion. Gautam Adani is currently ranked 19th in the Bloomberg Billionaires Index. Just behind him at 20th place is Francoise Bettencourt Meyers, whose net worth is $74 billion.

Mukesh Ambani and Savitri Jindal also got a shock

• Mukesh Ambani:
  • The wealth of Reliance Industries Chairman Mukesh Ambani has also declined by $2.59 billion.
  • Now his total wealth has come down to $90.5 billion.
  • Shares of Reliance Industries fell 2.79% on Monday.
• Savitri Jindal:
  • India’s richest woman Savitri Jindal’s wealth declined by $1.09 billion.
  • Now his wealth is 31.7 billion dollars.

Heavy fall in Adani Group shares

The fall of the stock market badly affected the stocks of Adani Group.

• Adani Energy Solution: Fall of more than 6%.
• Adani Power: down 4.30%.
• Adani Green Energy: 5.18% decline.
• Adani Enterprises, ACC, Ambuja Cement, and Adani Ports: declined over 3%.
• Adani Wilmar: closed in the red.
• Adani Total Gas: Fall of around 3%.
• NDTV: Down more than 4%.

Gautam Adani’s assets:

• Gautam Adani suffered a loss of $3.53 billion due to Monday’s fall.

Outcry in the stock market

The arrival of HMPV virus caused huge fluctuations in the Indian stock market.

• Sensex:
  • It closed at 77,964.99, down 1,258.12 points (1.59%).
  • It had fallen to 1,441.49 points during the day.
• Nifty:
  • It closed at 23,616.05, down 388.70 points (1.62%).

Most affected stocks:

• 30 companies included in Sensex:
  • Tata Steel, NTPC, Kotak Mahindra Bank, IndusInd Bank, PowerGrid, Zomato, Adani Ports, Asian Paints, Mahindra & Mahindra, and Reliance Industries were the biggest losers.