Shares of the country’s most valued firm Reliance Industries today fell by over 3 per cent on the bourses,becoming the biggest contributor to the 275-point fall in the market benchmark Sensex in a weak market.
Mukesh Ambani-led Reliance Industries Ltd’s share price today closed at Rs 755.45,down 3.05 per cent from the previous closing price on the BSE.
As per the BSE data,RIL stock was the biggest contributor to today’s fall of 274.78 points or 1.67 per cent in the 30-share benchmark index,Sensex. RIL,which contributed 52.20 points to the day’s fall in the Sensex,carries the maximum weightage in the barometer index.
With today’s fall in the share price,the market value of the company declined by Rs 7,781 crore.
The stock had lost nearly 4 per cent yesterday also.
On the NSE also,the scrip settled 3.27 per cent lower at Rs 753.40.
Another Mukesh Ambani group firm,Reliance Industrial Infrastructure Ltd (RIIL),fell 1.64 per cent to close at Rs 345.15.