Stock market tumbles: Sensex dips over 1,000 points as Reliance Industries’ shares fall

PTC Web Desk: On Friday afternoon, the Sensex took a sharp plunge of over 1,000 points, attributed to profit-booking and a decline in the share prices of major player Reliance Industries, wiping out gains made earlier in the day.

Its counterpart, the Nifty, also experienced a significant decline of 275 points (1.22%) since the previous day’s close, shortly after reaching its all-time high of 22,793.90 points. At 1:40 pm, the Sensex, a 30-share pack listed on the Bombay Stock Exchange, stood at 73,506 points, while the Nifty dropped to 22,366. Among the notable underperformers in the Sensex basket are Bharti Airtel, Larsen and Toubro, Nestle, Maruti and Tata Motors.

Bajaj Finance and Bajaj Finserv emerge as the only two Sensex stocks in positive territory, as per data available at 2 pm on the BSE website.