Stocks of Anil Ambani-led Reliance Group companies, Essar Oil and Mukesh Ambani-led Reliance Industries ltd witnessed huge selling pressure on Monday as investors booked profit amid concerns relating to the "corporate espionage" scandal.
Shares of Essar Oil fell by 3.79 per cent to Rs 107.90 on the BSE, while those of Cairn India fell by 1.60 per cent to Rs249.10.
Among Reliance Group stocks, Reliance Communications was down 2.43 per cent, Reliance Capital fell by 1.99 per cent, Reliance Power (-1.74%) and Reliance Infrastructure (-1.52%).
Shares of RIl went down by 2.53 per cent to Rs851.15 and was the biggest drag on the BSE benchmark Sensex.
Anil Ambani-led Reliance Group today said no police raids were conducted at any of its offices across the country in connection with the "corporate espionage" scandal.