Reliance Industries

In this context, Reliance said that an agreement has been reached between the two companies regarding this investment.

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 15 per cent drop in second quarter net profit after the pandemic-hit oil demand dragged down continued good showing in consumer-facing businesses such as telecom.

After tanking 737 points during the day, the 30-share BSE index recovered some lost ground to end 540 points or 1.33 per cent lower at 40,145.50.

Domestic equity benchmark Sensex pared early gains to end 98 points lower on Monday, tracking losses in index majors HDFC twins, Reliance Industries and Bharti Airtel.

Domestic equity benchmark Sensex rose 86 points on Wednesday, led by gains in Reliance Industries, HDFC Bank and ICICI Bank amid positive cues from global markets.

The Sensex and Nifty ended marginally lower after a choppy session on Friday as profit-booking in financial stocks and a global equity selloff outweighed a rally in market behemoth Reliance Industries.

Reliance Industries' market valuation crossed Rs 14 lakh crore-mark on Friday as its stock rallied over 4 per cent to scale its fresh peak.

Equity benchmark Sensex advanced by about 180 points on Monday, led by gains in financial stocks, in contrast with the global peers.