A rush of activity in index heavy Reliance Industries' counter, whose scrip touched a new high on Tuesday, helped the Sensex snap a five-session losing streak and end flat, even as a majority of blue chip stocks tumbled due to late sell-off by market players as well as institutional investors.
Reliance demerger: What should you do?
On the penultimate day of demerger, RIL clocked a record turnover of Rs 1,437 crore (Rs 14.37 billion) in a single session and scored impressive gains of Rs 55.05 as investors rushed to cover their short positions in derivatives.
A special trading session would be held on Wednesday to discover the price of RIL share following its demerger that will see the company spin off four new entities as part of a ownership settlement between the Ambani siblings.