RIL suffers 3% decline on BSE
Shares of market leader, Reliance Industries (RIL) declined by over three per cent on the BSE today, led by a heavy sell off at its counter.business Updated: Jan 10, 2011 16:40 IST
Shares of market leader, Reliance Industries (RIL) declined by over three per cent on the BSE on Monday, led by a heavy sell off at its counter. RIL was the major puller which led to the fall of the bellwether Sensex.
The heavyweight stock went down by 3.18% to close trade at Rs 1,031.05 on the Bombay Stock Exchange.
During the day, the oil and gas major plunged by 4.08% to hit an intra day low of Rs 1,021.35.
In the previous trading session, RIL had fallen by 1.76% on the BSE. On the National Stock Exchange, the Mukesh Ambani led firm settled 2.82% lower at Rs 1,035.35.
In terms of volume, over 49 lakh shares of the company were traded on the two bourses. Besides, another energy giant, ONGC, too ended the day on a disappointing note down by 2.66% at Rs 1,173.55.
Furthermore, other oila nd gas majors too closed with losses, including HPCL, BPCL and Cairn India which fell by 2.59%, 2.68% and 2.05%, respectively. Meanwhile, in a sharp fall, the BSE 30 share index Sensex finished the day at 19,224.12, down by 467.69 points or 2.38%.