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.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.