Indian shares drop over 1 pct as Reliance sinks

October 20, 2018 / in.investing.com / Article Link

* NSE index down 1.4 pct, BSE index 1.3 pct

* Both indexes end the week lower

* Reliance Industries down over 4 pct

Oct 19 (Reuters) - Indian shares fell over 1 percent for the second consecutive session on Friday, dragged by Reliance Industries Ltd RELI.NS after its second-quarter performance failed to please investors, while non-banking finance companies continued to face selling pressure.

The benchmark BSE index .BSESN closed down 1.33 percent at 34,315.63, shedding 1.2 percent over the week.

The broader NSE index .NSEI ended 1.43 percent lower at 10,303.55. It fell 1.6 percent during the week.

Shares of Reliance Industries took a severe hit, ending down over 4 percent lower on concerns of its heavy debt and delay in the company's key refining project, while its gross refining margin fell. midday report click

Recent News

Gold juniors continue to outperform

June 09, 2025 / www.canadianminingreport.com

Thor Explorations continues to lead TSXV global gold producers

June 02, 2025 / www.canadianminingreport.com

Gold stocks rise with juniors outperforming majors

June 02, 2025 / www.canadianminingreport.com

Gold Becomes Largest Metals Market

May 26, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok