Reliance Industries Ltd - A day's Loss

[yk]

Oct 24, 2008:

Shares of country's largest private sector firm Reliance Industries today fell below Rs 1,000-mark on panic selling, wiping off as much as Rs 29,038 crore or about 16 per cent of its market value in a single day.

The scrip, which opened on a weak note today, got battered heavily and witnessed a 52-week low of Rs 991, a level last seen in August 2006.

Country's most valued firm Reliance Industries today lost Rs 29,038.65 crore, with the scrip plunging as much as 16 per cent, to settle at Rs 1,015.50 on BSE. Market capitalisation of RIL stood at over Rs 147,628.26 crore today, down from Rs 176,666.91 crore yesterday.