INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Global tech giants Facebook, Apple, Amazon, Netflix, and Google-parent company Alphabet, commonly referred to as FAANG, have
together wiped out some $1 trillion worth of investor wealth in their slide from respective high levels hit during second half of 2018.
The
The market capitalisation of Nifty companies stood at Rs 78.29 lakh crore (around $1.11 trillion) on January 2.
The market value of
Facebook plunged by $238 billion to $389.92 billion as of January 2 from its high of $627 billion hit on July 25, 2018
Likewise, market-caps of Apple and Amazon declined 32 per cent and 24 per cent to $749.39 billion and 752.59 billion, respectively
billion from their July highs.
In India, Tata Consultancy Services (Rs 7,21,696 crore) is most valued firm in terms of market value,
followed by Reliance Industries (Rs 701298 crore), HDFC Bank (Rs 5,78,845 crore) and Hindustan Unilever (Rs 3,86,303 crore).
