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₹1.5 lakh cr wiped off Reliance's market value as govt raises export duty on fuel
short by Ridham Gambhir / on Friday, 1 July, 2022
Nearly ₹1.5 lakh crore has been wiped out from the market capitalisation of Reliance Industries after its stock declined as much as 8.7% on Friday, marking its biggest intraday drop since November 2, 2020. The shares fell after the Centre raised export duty on fuel. ONGC shares also plunged by 12.3% on Friday, its biggest slide since March 23, 2020.
read more at Reuters