Mukesh Ambani's Reliance Industries saw a significant market valuation drop of Rs 73,470 crore after reporting a 5% decline in June quarter net profit.
The company's stock fell 3.49% to Rs 3,001.10 on the BSE, affecting the overall market with Sensex falling by 102.57 points. Despite gains in telecom and retail, lower fuel cracks and petrochemical margins led to the profit decline. The stock's drop also impacted benchmark indices, causing a ripple effect across the market.