Jio Financial slides 5% again as index funds sell-off continues
Shares in India’s Jio Financial Services (JFS), part of Reliance Industries, fell a maximum of 5% for a second straight day on Tuesday as passive funds continued selling ahead of the stock exiting the benchmark indexes.
JFS shares fell limit-down to 236.45 rupees per share. They opened at 262 rupees in their trading debut on Monday and fell 5%.
