Friday, August 23, 2019
News

Sensex down 218 pts, RIL up 9%

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Tuesday, 2019 4:15:06 PM IST
The Sensex fell by over 200 points during the early trade on Tuesday.

Index-heavyweight Reliance Industries Ltd. (RIL) jumped nearly 9 per cent after Saudi Aramco signed a letter of intent for a proposed investment in RIL's oil-to-chemical division. The deal is likely to fetch RIL $15 billion for a 20 per cent stake.

At 9.50 a.m., the Sensex traded 218.39 points, or 0.58 per cent, lower at 37,363.52. The Nifty slid by 57.20 points, or 0.51 per cent, to 11,052.45.

On Friday, the Foreign Portfolio Investors (FPIs) turned buyers. FPIs bought Rs 203.73 crore worth of stocks while Domestic Institutional Investors also purchased scrips worth Rs 606.92 crore.

Globally, financial markets dropped owing to massive protest in Hong Kong, which could effect business.

Besides, the US-China trade tension and the slump in Argentina's peso remained a cause of worry.

--IANS ravi/pg

( 152 Words)

2019-08-13-10:28:04 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Dabur India arm acquires management cont...
SBI customers to continue getting 3 pc i...
Kia Motors India launches mid-segment SU...
INSA releases Joint Industry Guidance on...
Vodafone Idea launches 'TurboNet' 4G in ...
IndiGo to restart Delhi-Singapore flight...
More...
 
INDIA WORLD ASIA
Security beefed up in UP for Janmashtami...
ICHR should carry out research for socie...
Chhattisgarh HC advocate files affidavit...
Maharashtra: Nigerain national arrested ...
UP: FIR registered against BJP MLA, aide...
NITI Aayog VC calls for 'extraordinary' ...
More...    
 
 Top Stories
Kota Neelima's paintings inspired b... 
It's always best to play your age: ... 
Manmohan Singh takes oath as Rajya ... 
Structural reforms needed to spur g... 
Kerala opposition demands withdrawa... 
Soldier killed in Pak shelling at L... 
By Mohammed Shafeeq... 
Tharoor backs Singhvi, Ramesh, says...