ADVERTISEMENT

Sensex down 218 pts, RIL up 9%

The BSE 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
 

(Our News Desk can be contacted at desk@netindian.in)

Did you like this story? Make a donation and help us to serve you better.
ADVERTISEMENT
 

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <canvas>
  • Lines and paragraphs break automatically.

More information about formatting options

© Copyright 2012 NetIndian. All rights reserved. Republication or redistribution of NetIndian content, including by framing or similar means, is expressly prohibited without the prior written consent of NetIndian Media Corporation. Write to info[AT]netindian[DOT]in for permission to use content. Read detailed Terms of Use.