Blood bath in Indian Stock market today !
India's top 3 biggest stock loses multi billion dollar šµ worth Market cap š
Reliance Rs 51000crš¤Æ
HDFC Bank Rs 44000 crš¤Æ
ICICI Rs 32000 crš¤Æ
In 2008, Airbnb tried raising $150K at a $1.5M valuation. But a VC rejected them because āthe market is too smallā.
Today, Airbnb is worth $80 billion.
The greatest founders expand their market.
Looks like there is some profit booking happening in the Indian market today at the moment valuations seem fair but if the market dips further to better levels it could turn into a really good buying opportunity.