BENGALURU Indian shares slipped on Monday as market heavyweight Reliance Industries saw its worst day in 10 months, leading energy stocks lower, and the…
Shares of Reliance Industries fell 4.2 percent on Monday as India's largest firm halted a stake sale in its oil-to-chemicals business to Saudi Arabia's Aramco and pulled back from a potential spinoff of its most profitable unit. The move to monetize its oil business two years ago by selling a 20 percent stake for roughly $15 billion to the world's biggest oil exporter was part
Equity benchmark indices were on the red on Monday as Sensex fell over 1,000 points while Nifty slipped below the 17,500 level as market heavyweight Reliance Industries saw its worst day in 10 months. At 1:15 pm, Sensex was trading at 58,573.28, down 1,062.73 points, while Nifty was down 312.40 points to trade at 17,452.40.
Indian shares were little changed on Tuesday after opening lower, as gains in energy and metal stocks offset losses in tech and pharma, with investors expecting global concerns over rising oil prices to keep markets volatile.
Indian shares rose marginally on Thursday, helped by a 1.5% jump in heavyweight Reliance Industries, while banks see-sawed between gains and losses ahead of the expiry of monthly derivatives contracts.