Sensex tanks over 400 points in early trade; RIL plunges 4%
The Hindu
Reliance Industries (RIL) was the top loser in the Sensex pack, after the company shelved a proposed deal to sell a 20% stake in its oil refinery and petrochemical business to Saudi Aramco for $15 billion.
Mumbai, Nov 22 (PTI) Equity benchmark Sensex plunged over 400 points in early trade on Monday, tracking losses in index majors Reliance Industries, Kotak Bank and Bajaj Finance amid a weak trend in global markets and persistent foreign fund outflows.
The 30-share index was trading 435.74 points or 0.73 % lower at 59,200.27. Similarly, the Nifty fell 129.85 points or 0.73% to 17,634.95.
Reliance Industries (RIL) was the top loser in the Sensex pack, shedding around 4% after the company shelved a proposed deal to sell a 20% stake in its oil refinery and petrochemical business to Saudi Aramco for $ 15 billion.
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