Stock market news: Reliance Industries shares down nearly 1%

NEW DELHI: Shares of Reliance Industries Ltd. traded 0.85 per cent down in Friday’s trade at 09:32AM (IST). Around 61957 shares changed hands on the counter. The stock opened at Rs 2065.6 and touched an intraday high and low of Rs 2097.0 and Rs 2065.6, respectively, in the session so far.

The stock quoted a 52-week high of Rs 2192.1 and a 52-week low of Rs 875.65.

Reliance Retail is in advanced negotiation with American private equity investor Silver Lake to sell 1.7-1.8% stake in the entity for about Rs 7500 crore, in what could be the first such deal in the Mukesh Ambani owned retail giant to raise funds, two senior industry executives said.