RIL scrip slips 3.4 pc on BSE; ends below Rs 1,000 | business | Hindustan Times
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RIL scrip slips 3.4 pc on BSE; ends below Rs 1,000

business Updated: Nov 19, 2010 17:52 IST
Reliance Industries

Share of market leader Reliance Industries (RIL) on Friday plummeted by 3.46 per cent at the Bombay Stock Exchange amid a choppy trade and settled below the Rs 1,000-mark after a gap of about 50 days.

Though the scrip opened on a decent note from the previous close, its initial gains were wiped out on profit booking, as it settled at Rs 996.85 at the time of close, reflecting a loss of 3.46 per cent on the BSE.

During the session, the stock had tanked 4.39 per cent to touch a month-low of Rs 987.15.

The fall in the counter of index heavyweight RIL was the biggest setback for the broader market. RIL was the major contributor in the fall of the bellwether Sensex.

The company saw a similar downtrend at the National Stock Exchange, where it ended with a loss of 3.78 per cent at Rs 993.90.

In terms of volume, over 66 lakh shares of the Mukesh Ambani-led firm were traded on the two bourses.

The BSE oil and gas index, too, suffered losses in the weak market and closed at 10,411.70, down by 87.33 points.

Meanwhile, the BSE Sensex after a volatile session closed 345.20 points or 1.73 per cent down at 19,585.44.