Reliance Industries Shares Plunge 4%, Market Cap Drops Rs 77,606 Cr
By Rediff Money Desk, New Delhi Oct 03, 2024 18:57
Reliance Industries shares tumbled nearly 4% on Thursday, eroding Rs 77,606.98 crore from its market valuation amid rising Middle East conflict and foreign fund outflows.
New Delhi, Oct 3 (PTI) Shares of Reliance Industries on Thursday slumped nearly 4 per cent, wiping out Rs 77,606.98 crore from its market valuation, amid mayhem at the Dalal Street due to rising conflict in the Middle East and unabated foreign fund outflows.
The bellwether stock declined 3.91 per cent to settle at Rs 2,815.25 on the BSE. During the day, it tumbled 5.28 per cent to Rs 2,775.
At the NSE, it dropped 3.94 per cent to Rs 2,813.95.
The company's market valuation eroded by Rs 77,606.98 crore to Rs 19,04,762.79 crore.
The stock was the major contributor in markets' fall on Thursday.
Shares of the firm have been on a downtrend for the third day running, falling 7.76 per cent.
The BSE Sensex tumbled 1,769.19 points or 2.10 per cent to settle at 82,497.10. During the day, it plummeted 1,832.27 points or 2.17 per cent to 82,434.02. The NSE Nifty slumped 546.80 points or 2.12 per cent to 25,250.10.
The bellwether stock declined 3.91 per cent to settle at Rs 2,815.25 on the BSE. During the day, it tumbled 5.28 per cent to Rs 2,775.
At the NSE, it dropped 3.94 per cent to Rs 2,813.95.
The company's market valuation eroded by Rs 77,606.98 crore to Rs 19,04,762.79 crore.
The stock was the major contributor in markets' fall on Thursday.
Shares of the firm have been on a downtrend for the third day running, falling 7.76 per cent.
The BSE Sensex tumbled 1,769.19 points or 2.10 per cent to settle at 82,497.10. During the day, it plummeted 1,832.27 points or 2.17 per cent to 82,434.02. The NSE Nifty slumped 546.80 points or 2.12 per cent to 25,250.10.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.14 (+ 3.17)
- 51615920
- Srestha Finvest
- 0.69 (+ 2.99)
- 47696604
- GTL Infrastructure
- 2.21 (+ 4.25)
- 30873036
- Standard Capital
- 1.09 ( -0.91)
- 18376671
- AvanceTechnologies
- 0.90 (+ 4.65)
- 16478907
MORE NEWS
Swiggy Raises Rs 5,085 Crore Ahead of IPO
Food delivery giant Swiggy has secured Rs 5,085 crore from anchor investors ahead of...
States urged to boost revenue for fiscal...
Finance Commission Chairman Arvind Panagariya encourages states to increase revenue...
Aptus Value Housing Finance Q2 Profit Up 22% to...
Aptus Value Housing Finance India Ltd reported a 22% rise in net profit to Rs 182 crore...