RIL tumbles 5%, ends off one-month low

Shares of the country's most valued firm Reliance Industries on Wednesday tumbled by nearly 5 per cent on the bourses, becoming a major drag on the benchmark Sensex, which plunged by over 300 points or about 1.9 per cent in an overall weak market.

The stock of Mukesh Ambani -led Reliance Industries Ltd (RIL) closed at Rs 807, down 4.85 per cent, on the NSE. In the process, the company's market value fell by close to Rs 13,000 crore.

The shares had opened on a flat note this morning, but lost ground as the trading session progressed.

At the BSE, the shares settled 4.5 per cent down at Rs 810.65. The stock had touched a one-month low of Rs 807.25 during the intra-day trade, amid intense selling pressure.

More than 67 lakh shares of the company today changed hands at the two bourses for trades worth over Rs 550 crore.

The steep fall in the shares of RIL, which carries the maximum of about 11 per cent weightage on the Sensex, was the biggest contributor to the day's fall of 314.16 points or 1.87 per cent in the benchmark index.

As per the BSE data, RIL contributed about 84 points to the overall fall in the Sensex on Thursday.