Reliance Industries Stock Plunges 3%, Market Valuation Drops Rs 70,195 Cr
By Rediff Money Desk, New Delhi Aug 05, 2024 19:06
Reliance Industries shares closed over 3% lower on Monday, contributing significantly to the Sensex's decline. The company's market valuation fell by Rs 70,195 crore.
New Delhi, Aug 5 (PTI) Shares of the country's most valued firm Reliance Industries declined over 3 per cent on Monday, contributing majorly to the benchmark Sensex plunge.
Following the extremely weak trend in equities, the bellwether stock dropped 3.46 per cent to settle at Rs 2,894.70 on the BSE. During the day, it tanked 4.42 per cent to Rs 2,865.80.
At the NSE, it declined 3.46 per cent to Rs 2,894.65.
The 30-share BSE benchmark tanked 2,222.55 points or 2.74 per cent to settle at 78,759.40. During the day, it slumped 2,686.09 points or 3.31 per cent to 78,295.86.
The NSE Nifty plummeted 662.10 points or 2.68 per cent to settle at more than a month's low of 24,055.60. During the day, it tumbled 824 points or 3.33 per cent to 23,893.70.
The blue-chip stock contributed 307.18 points to the Sensex crash.
The company's market valuation got eroded by Rs 70,195.32 crore to Rs 19,58,500.25 crore amid sharp decline in its share price.
Following the extremely weak trend in equities, the bellwether stock dropped 3.46 per cent to settle at Rs 2,894.70 on the BSE. During the day, it tanked 4.42 per cent to Rs 2,865.80.
At the NSE, it declined 3.46 per cent to Rs 2,894.65.
The 30-share BSE benchmark tanked 2,222.55 points or 2.74 per cent to settle at 78,759.40. During the day, it slumped 2,686.09 points or 3.31 per cent to 78,295.86.
The NSE Nifty plummeted 662.10 points or 2.68 per cent to settle at more than a month's low of 24,055.60. During the day, it tumbled 824 points or 3.33 per cent to 23,893.70.
The blue-chip stock contributed 307.18 points to the Sensex crash.
The company's market valuation got eroded by Rs 70,195.32 crore to Rs 19,58,500.25 crore amid sharp decline in its share price.
Source: PTI
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
- GTL Infrastructure
- 2.75 ( -4.84)
- 91787188
- YES Bank Ltd.
- 23.54 ( -7.50)
- 56012274
- Suzlon Energy Ltd.
- 67.91 ( -4.94)
- 33571450
- Vodafone Idea L
- 15.36 ( -4.66)
- 29911289
- Srestha Finvest
- 2.15 ( -4.87)
- 24478182
MORE NEWS
FirstCry Parent Brainbees Raises Rs 1,886 Cr...
Brainbees Solutions, parent company of FirstCry, secures Rs 1,886 crore from anchor...
Unicommerce IPO: Rs 124 Cr Raised from Anchor...
Unicommerce eSolutions, a SoftBank-backed SaaS platform, has raised Rs 124 crore from...
MTNL Defaults on Rs 422 Crore Bank Loan:...
State-owned telecom company MTNL has defaulted on Rs 422.05 crore in bank loan...