The S&P BSE Sensex fell 220.21 points to 58,567.81 in opening deals while the Nifty 50 declined 72.85 points to 17,487.35.
On the Sensex pack, gains were being led by ITC, Power Grid, Ultratech Cement, Tata Steel, Maruti Suzuki and Mahindra & Mahindra. On the other hand, Infosys, TCS, Reliance Industries, Wipro, Tech Mahindra and HDFC were among the laggards.
Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon’s blockbuster earnings. Meta’s stock fell 26%, erasing more than $200 billion in the biggest ever single-day market value wipeout for a US company.
That pulled down founder and Chief Executive Officer Zuckerberg’s net worth to $85 billion, according to Forbes.
Zuckerberg owns about 12.8% of the tech behemoth formerly known as Facebook. Bezos, the founder and chairman of e-commerce retailer Amazon, owns about 9.9% of the company, according to Refinitiv data. He is also the world’s third-richest man, according to Forbes.
Amazon’s holiday-quarter profit surged, thanks to its investments in electric vehicle company Rivian; and the company said it would hike annual prices of Prime subscriptions in the United States, sending its shares up 15% in extended trading and readying it for its biggest percentage gain since October 2009 on Friday.
