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Profit-booking in RIL drags markets lower after eight days of gains

The Sensex closed at 38,071, down 422 points, or 1.1 per cent. Nearly 4 per cent decline in RIL accounted for 57 per cent of the losses

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The Nifty fell 98 points, or 0.86 per cent, to end at 11,203. A day earlier, both indices had closed at their highest level since early March

Sundar Sethuraman Thiruvananthapuram

3 min read Last Updated : Jul 30 2020 | 2:10 AM IST

Indian shares edged lower on Wednesday as investors took profits in the country’s most valuable stock, Reliance Industries (RIL), after eight days of gains. Selling in the IT sector added to the losses.

The Sensex closed at 38,071, down 422 points, or 1.1 per cent. Nearly 4 per cent decline in RIL accounted for 57 per cent of the losses.

The Nifty fell 98 points, or 0.86 per cent, to end at 11,203. A day earlier, both indices had closed at their highest level since early March.

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Topics : stock market Sensex Reliance Industries

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