Heavy selling pressure hit the scrip of the most valued Indian corporate Reliance Industries (RIL), which fell over 3 per cent on BSE today, dragging the benchmark Sensex down by over 454 points.
Index heavyweight RIL plunged 3.41 per cent to settle the trade at Rs 984.35 on the Bombay Stock Exchange. During the day, the Mukesh Ambani-led oil & gas major lost 4.11 per cent to touch an intra-day low of Rs 977.20.
On the National Stock Exchange, RIL closed the session with a loss of 3.39 per cent at Rs 986.
In terms of volume, over 83 lakh shares of the company were traded on the two bourses.
RIL played an instrumental role in pulling down the Sensex. The BSE oil & gas index too came under hectic selling pressure, closing lower by 293.08 points at 10,171.19.
Besides, other oil companies including state-run ONGC fell 1.75 per cent, GAIL lost 1.77 per cent, while Cairn ended down 1.22 per cent.
Meanwhile, the BSE 30-share barometer Sensex ended the day at 19,242.36, down 454.12 points or 2.31 per cent.
Shares of Reliance Communications tanked 5.66 per cent to settle at Rs 122.50 on the Bombay Stock Exchange. Intra-day, the scrip hit a record low of Rs 120.85, declining 6.93 per cent.
In a similar fashion, it plunged 5.64 per cent to finish the day at Rs 122.20 on the National Stock Exchange. On the volume front, about 1.21 crore shares of the company were traded on the bourses.
Meanwhile, the 30-share benchmark Sensex plummeted by 454.12 points to close at 19,242.36
