Reliance Industries’ share price fell more than 7% in Friday’s session after the Government of India (GoI) levied taxes on windfall gains made by domestic refineries. On Friday, Reliance stock price opened with a bearish spread close to ₹20 per share and then hit its intraday low of ₹2,365 each, causing its shareholders to fear touching the lower circuit. However, the stock pared its early morning losses in the second half and finished at ₹2,406 levels per share on NSE.
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