India's Sensex stock index falls
Friday, 18 September 2009
MUMBAI, Sept. 17 (Bloomberg): India's benchmark stock index fell, led by Reliance Industries Ltd. after it sold shares.
Reliance Industries, India's most valuable company, sank 4.9 per cent to 2,077 rupees after it raised 31.9 billion rupees ($664 million) from a sale of shares today.
The Bombay Stock Exchange's Sensitive Index, or Sensex, fell 6.76, or less than 0.1 per cent, to 16,670.28 at 12:41 p.m. in Mumbai. The gauge had earlier gained as much as 0.9 per cent.
Petroleum Trust, a unit of Mumbai-based Reliance, sold 15 million shares at an average price of 2,125 rupees apiece, according to a statement from the Mumbai-based company to the Bombay Stock Exchange today. Reliance Industries has the biggest weighting on the Sensex.
Meanwhile: Reliance Industries Ltd., India's most valuable company, raised 31.9 billion rupees ($664 million) from a sale of shares.
Petroleum Trust, a unit of Mumbai-based Reliance, sold 15 million shares at an average price of 2,125 rupees apiece, according to a statement from the Mumbai-based company to the Bombay Stock Exchange today.
Petroleum Trust offered to sell as many as 20 million shares, according to a sale document obtained by Bloomberg News. The sale was arranged by Bank of America Merrill Lynch and Citigroup Inc., the document showed.
Reliance Industries, India's most valuable company, sank 4.9 per cent to 2,077 rupees after it raised 31.9 billion rupees ($664 million) from a sale of shares today.
The Bombay Stock Exchange's Sensitive Index, or Sensex, fell 6.76, or less than 0.1 per cent, to 16,670.28 at 12:41 p.m. in Mumbai. The gauge had earlier gained as much as 0.9 per cent.
Petroleum Trust, a unit of Mumbai-based Reliance, sold 15 million shares at an average price of 2,125 rupees apiece, according to a statement from the Mumbai-based company to the Bombay Stock Exchange today. Reliance Industries has the biggest weighting on the Sensex.
Meanwhile: Reliance Industries Ltd., India's most valuable company, raised 31.9 billion rupees ($664 million) from a sale of shares.
Petroleum Trust, a unit of Mumbai-based Reliance, sold 15 million shares at an average price of 2,125 rupees apiece, according to a statement from the Mumbai-based company to the Bombay Stock Exchange today.
Petroleum Trust offered to sell as many as 20 million shares, according to a sale document obtained by Bloomberg News. The sale was arranged by Bank of America Merrill Lynch and Citigroup Inc., the document showed.