RIL share price right this moment: Reliance Industries’ stock crashes 10%; investors suffer Rs 1.67 lakh crore loss on Lok Sabha results uncertainty

Date:



RIL stock price right this moment: Reliance Industries Ltd (RIL) skilled a big loss of Rs 1.67 lakh crore in market worth as its shares plummeted by 9.6% on the Bombay Stock Exchange (BSE) right this moment. This decline was triggered by ballot counting estimates suggesting that the Prime Minister Narendra Modi-led NDA alliance won’t carry out in addition to predicted by exit polls within the 2024 Lok Sabha elections.
RIL’s shares had beforehand reached an all-time excessive of Rs 3,029 on June 3, with the corporate’s whole market capitalization hitting Rs 20.44 lakh crore.However, it has now decreased to Rs 18.50 lakh crore, in line with an ET report.
As investors adopted a risk-averse strategy throughout Lok Sabha election results counting, the Sensex traded over 6,000 factors decrease on Tuesday, whereas the Nifty was down by almost 2,000 factors. This decline was primarily pushed by heavyweights Reliance Industries and monetary shares. Reliance Industries, HDFC Bank, and ICICI Bank alone accounted for a 2012-point drop within the Sensex, whereas L&T, SBI, Axis Bank, NTPC, and Power Grid have been among the many different shares contributing to the index’s downward motion.
Also Check | Stock Market crash dwell updates
Gautam Adani’s flagship firm, Adani Enterprises, led the group’s decline with an 8% dip, as shares of all 10 Adani Group firms fell on Tuesday amid the counting of votes for the Lok Sabha elections. Adani Total Gas, Ambuja Cements, and NDTV additionally skilled a decline of round 8% every. Adani Ports, a Nifty stock, was buying and selling 18% decrease as early developments indicated that the ruling NDA was hovering close to the bulk mark, whereas the Congress-led INDIA alliance had crossed the 200-mark.
The BSE PSU Index fell by 18% right this moment, and the Nifty Midcap 100 index had fallen by over 7%. Although the FMCG and Healthcare indices initially started the day within the inexperienced, defying the broader markets, that they had fallen by 2% and three.5%, respectively.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Indian players are sporting black armbands in Super 8 clash vs Afghanistan, here’s why

Team India are carrying black armbands in the...

Pakistan captain Babar Azam accused of ‘match-fixing’ due to…

Babar and his workforce have been beneath intense...

Over 1000 individuals, including 90 Indians, die in Mecca amid extreme heatwave

Due to the extreme heatwave, temperatures have mounted...