Reliance Capital, Reliance Infra dip for sixth straight day, fall up to 7%

The dip started after rating agency CARE Ratings (CARE) reaffirmed its rating at 'BBB' and revised rating outlook to 'credit watch with negative implications'

Shares of Anil Ambani-led Reliance Group companies like Reliance Capital and Reliance Infrastructure were trading lower for the sixth straight day, falling by up to 7 per cent each on the BSE on Wednesday. In comparison, the benchmark S&P BSE Sensex was down 0.36 per cent at 38,591 points at 01:56 pm.

Reliance Capital, which was down 6 per cent intra-day to trade at Rs 56 apiece, has slipped 13 per cent in the past four days. The dip started after rating agency CARE Ratings (CARE) reaffirmed its 'BBB' rating and revised its outlook to 'credit watch with negative implications' for