New Delhi: Shares of Reliance Industries fell by over 7.50 per cent on Tuesday as Lok Sabha election results and trends show BJP looking stronger. In line with the massive fall in the stock market, shares of Reliance Industries fell by over 7.50 per cent on Tuesday, taking its market valuation There was a loss of Rs 1.54 lakh crore. Will become the largest party but will fall short of the magic figure of 272.

Bellwether stock closed 7.53 per cent lower at Rs 2,793.60 on BSE. During the day it fell 10 percent to Rs 2,719.15. RIL was a major contributor to the Sensex fall, losing 686.45 points out of the total 4,390-point decline in the benchmark index.

RIL fell 7.48 per cent to Rs 2,794.55 on NSE.

The market capitalization (mcap) of the company declined by Rs 1,54,020.99 crore to Rs 18,90,063.85 crore. In terms of market valuation, Reliance Industries is the most valuable company in the country.

Eradicating the record-rally of the previous trade, the 30-share BSE Sensex closed 4,389.73 points or 5.74 per cent lower at 72,079.05. During the day, the benchmark fell 6,234.35 points or 8.15 percent to a near five-month low of 70,234.43.

The markets had earlier fallen by more than 13 per cent on March 23, 2020, when the lockdown was imposed due to the COVID-19 pandemic.

Shares of Reliance Industries Ltd jumped nearly 6 percent to a record high on Monday.