Market in bear grip: Sensex nosedives 1,170 points; RIL tumbles over 4%
The Hindu
Other laggards included Bajaj Finance, Bajaj Finserv, NTPC, SBI and Titan
Equity benchmark Sensex plummeted 1,170 points on Monday, dragged by losses in Reliance Industries, Bajaj Finance and Kotak Bank.
The 30-share BSE index ended 1,170.12 points or 1.96% lower at 58,465.89. Similarly, the NSE Nifty fell 348.25 points or 1.96% to 17,416.55.
Among top losers, Reliance Industries (RIL) sank over 4%, after the company shelved a proposed deal to sell a 20% stake in its oil refinery and petrochemical business to Saudi Aramco for an asking of $15 billion.
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