RIL Latest News Headlines: Reliance Industries Shares, which gained in the previous sessions in the run-up to the quarterly results, down as much as 9% after it reported September-quarter profit.
RIL Latest News Headlines: RIL 9% Down
After very much volatility, Indian benchmark share indices managed to settle higher on Monday led by gains in HDFC twins and ICICI Bank.
Sensex ended at 39,757.58, up 143.51 points, while Nifty advanced 26/75 points or 0.23% to close at 11,668.15.
IndusInd Bank, closing over 6% high, was the top Sensex gainer followed by ICICI Bank, Axis Bank, HDFC and Bharti Airtel. RIL was the top large cap company followed by HCL Tech, TCS, Tata Steel and Asian Paints.
Mukesh Ambani Loses $5 Billion as Oil Sinks Reliance Shares
Mukesh Ambani, Asia’s richest man, lost as much as $5 billion from his net worth as Reliance Industries Ltd.’s shares tumbled to the lowest price in more than three months following a drop in quarterly profit. (Source “mint“)
The stock of India’s most-valuable company fell as much as 8% in Mumbai on Monday as of 3:00 p.m., slipping the most since May 12 and touching the lowest since July 20. The slide also shaved down Ambani’s wealth to about $73 billion to mark his worst day since March, according to the Bloomberg Billionaires Index. (Source “mint“)