Reliance Industries shares fall nearly 1pc

Shares of Reliance Industries Limited fell nearly 1% on Monday in line with the weak stock market trend.

The market’s heavyweight stock fell 0.84% ​​to settle at Rs 2,596.80 each on BSE. During the day, it reached a maximum of Rs 2,653.30 and a minimum of Rs 2,570.

On NSE, it fell by 0.68% to Rs 2,600 each.

In terms of volume, 5.04 lakh shares of the company were traded on BSE and 91.55 lakh shares on NSE during the day.

BSE’s benchmark Sensex fell 861.25 points or 1.46% to settle at 57,972.62. During the day, it fell 1,466.4 points or 2.49% to 57,367.47.

Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his $221 billion empire by rolling out 5G services from October, adding capacity in oil business and basic chemicals and taking on rival Gautam Adani with a foray into FMCG Sector.

Ambani, 65, has also identified the businesses his three children will run in clear signs of succession planning at India’s most valuable business.

Reliance Jio Infocomm Ltd, the telecoms arm of the retail oil conglomerate, will roll out a “standalone 5G” version that does not depend on the old 4G network, to provide super-fast internet connectivity starting in four metropolitan cities through Diwali and l across the country by December 2023, he said at the company’s annual meeting of shareholders.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)