A maturing market amid the mayhem
Reliance Industries drops
The BSE Sensex fell 0.6 percent at 16,327 led by losses in Reliance Industries, Sterlite Industries and ITC.
Shares in Reliance Industries ended 3.3 percent lower at 997 rupees with a volume of 1.1 million shares.
Reliance Industries fell on speculation that it may have to hike its bid for U.S.-based LyondellBasell or abandon it all together after the target settled a dispute with creditors that paved the way for an exit from bankruptcy.
So far this year, the counter has given a net negative return of over 8 percent. Do you think this is the right time to invest in the counter?