Mumbai, June 01: The BSE benchmark Sensex plummeted by 373 points on sustained selling today, which was marked by a freak sale of RIL shares at unbelievable discount of around 20 per cent.
Amid distinct weak global cues, the 30-share index of the Bombay Stock Exchange opened lower and remained under pressure throughout the day before closing sharply lower by 372.60 points, or 2.20 per cent, at 16,572.03.
The high spot of the trade during the day was, however, a trader offloading RIL shares at an unbelievable level of Rs 840.55, against yesterday’s close of Rs 1,045.05, which pulled down the Sensex by 620 points at one point of time. The stock, however, rose within seconds from its 52-week low.
According to marketmen, a trader sold about 62,000 shares of RIL at Rs 840.55 per share, while the sale order was meant for ICICI Bank.
–Agencies