It was weak and extremely disappointing day for the markets. The markets opened with huge gap down on the back of disappointing listing of much awaited Reliance Power coupled with weak cues from the global markets. The Sensex lost 4.78% and the Nifty lost 5.14% below their psychological 17000 and 5000 levels respectively.

Due to this carnage sell off Anil Dhirubhai Ambani Group (ADAG) companies have lost Rs 47,129 crore of market cap in a single day compared with yesterday's (Friday) close.

ADAG newly listed Reliance Power ended with sharp cut of over 17% on its maiden trading day. It got listed at Rs 430 today against its issue price of Rs 450. Reliance Energy plunged nearly 19% at Rs 1582.

Anil Ambani's Group
Company	Last Price	% Chg *	Mkt Cap (Rs Cr.)		Decrease in Mkt Cap (Rs Cr.)
			11/02/08	08/02/08
Rel Comm	590.4	8.87	121860.1	133356.8	-11496.6
Rel Capital	1614.75	11.51	39663.56	44803.42	-5139.86
Rel Energy	1582.3	18.72	37421.92	46431.51	-9009.59
RNRL	124.25	16.46	20291.65	24260.15	-3968.5
Rel Power	372.5	17.22	84185.00	101700 #	-17515
Total Market Cap			3,03,422.30	3,50,551.90	-47,129.59

Note: # Reliance Power market cap in the ADAG group has been considered at Rs 450 with the total number of 226 crore shares. (Rs 450 X 226 crore shares = Rs 101700 cr)