Lok Sabha results : Reliance Industries’ stock crashes 10%; investors suffer Rs 1.67 lakh crore loss

RIL stock price today : Shares of Reliance Industries Ltd (RIL) today traded 9.6% lower on the Mumbai Stock Exchange (BSE) at a market value of Rs. 1.67 crore suffered a significant loss.
The drop came after opinion polls predicted that Prime Minister Narendra Modi’s NDA alliance would suffer a setback in the 2024 parliamentary elections.
RIL shares had already touched a high of Rs 3,029 on June 3, giving the company a total market capitalization of Rs 20.44 crore.
The Sensex traded above 6,000 points on Tuesday, while the Nifty fell nearly 2,000 points as investors averted risks as the Lok Sabha election results were tallied. Heavyweights Reliance Industries and financial stocks led the decline.
Reliance Industries, HDFC Bank and ICICI Bank were the only losers in the Sensex in 2012, while Lundy, SBI, Axis Bank, NTBC and Power Grid were among those that contributed to the downtrend in the index.
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