Sensex Dives Over 1,300 Points, Nifty Below 17,300; Reliance, Maruti Among Top Drags

RIL was the top loser in the Sensex platform, shedding 4 per cent after the company shelved a proposed deal to sell a 20% stake in its oil refinery and petrochem business to Saudi Aramco for $15 bn

Representational image | Photo: Getty

New Delhi: Key benchmark indices on Monday slumped near the lows of the day because of unabated selling pressure. The Sensex had plunged 1,324 points to 58,312, while the Nifty had tanked 389 points at 17,376.

Major laggards on the BSE included Reliance Industries (RIL), Maruti, Bajaj Finance, Kotak Mahindra Bank, HCL Tech, Bajaj Finserv, and SBI with their shares down as much as 6.01 per cent.

On the NSE, all the sub-indices were trading in red with Nifty Auto and Nifty PSU Bank down as much as 3.84 per cent.

According to PTI reports, the 30-share index was trading 435.74 points or 0.73 per cent lower at 59,200.27. Similarly, the Nifty fell 129.85 points or 0.73% to 17,634.95.

RIL was the top loser in the Sensex platform, shedding around 4 per cent after the company shelved a proposed deal to sell a 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco for $15 billion.

It said its energy portfolio has changed with the foray into a new energy business, which would require a re-evaluation of the deal.

Other laggards include Maruti, Bajaj Finance, Kotak Bank, and Bajaj Finserv.

On the other hand, Bharti Airtel, PowerGrid, Asian Paints, IndusInd Bank, and ITC were among the gainers.

Foreign institutional investors (FIIs) were net sellers in the capital market, as they offloaded shares worth $ 3,930.62 crore on Thursday, as per exchange data.

On Thursday, NSE Nifty had closed 133 points lower at 17,764; while BSE Sensex had dropped 372 points to settle at 59,636.

Equity markets were closed on Friday on account of Guru Nanak Jayanti.