Shares of the country’s most valued firm Reliance Industries today tumbled nearly 5 per cent,becoming a major drag on the BSE index Sensex,which slipped 478 points on rising curde oil prices and weak global markets.
RIL,top heavyweight on the index with 9.74 per cent weightage,closed at Rs 781.20,down 4.77 per cent on the BSE.
As per the BSE data,RIL contributed over 85 points to the overall fall in the Sensex today. It was the single largest contributor to the fall of 477.82 points at 17,445.75.
At the NSE also,the bellwether stock ended 3.22 per cent lower at Rs 793.55.
The shares had opened on a bullish note this morning,but lost ground as the trading session progressed.
More than 9 lakh shares of the company changed hands on the BSE,while over 60 lakh shares got traded on the NSE.
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