Reliance Industries slides 3% to two-month low; volumes surge on block deal

Shares of Reliance Industries (RIL) dropped 3 per cent to hit a two-month low of Rs 2,355 on the NSE in Wednesday’s intra-day trade on the back of heavy volumes. The stock was quoting at its lowest level since July 20, 2023.

Till 11:03 AM; around 23 million equity shares, representing 0.35 per cent of total equity of RIL, had changed hands on the NSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately. In comparison, the Nifty 50 was down 0.87 per cent at 19,958.