Share Market Updates: Market Meltdown, $2.2 Trillion Lost in a Week as Stock Decline Continues

The stock market continues to experience a widespread decline, with no gains recorded in September so far. Over the past week, investors have seen a loss of $2.2 trillion. The most significant drop has been in the shares of Tesla, the company led by the world’s richest person, Elon Musk, which saw a decline of 8.45%. Amid the market downturn, shares of Texcel Industries provided some relief to investors on Friday, delivering strong returns over the past three months. Three months ago, the price of Texcel’s shares was around ₹36, and it has since delivered an approximate 53% return. TrafficSol ITS Technologies Limited is set to go public on Tuesday, September 10. Investors can place bids until September 12, with the price band set between ₹66 and ₹70 per share, potentially offering good returns. Once a star in the eyes of investors, the ed-tech startup Byju’s is now facing difficulties with creditors. Valued at $22 billion in 2022 after securing global funding, Byju’s is now on the brink of bankruptcy. Reliance Infrastructure, led by Anil Ambani, has seen its share price surge by over 2200% in the past four and a half years, with shares rising from ₹9 to over ₹200. The company is now considering plans to venture into electric vehicle manufacturing.