WHY RELIANCE INDUSTRIES IS FALLING ?

Why reliance industries is falling since last 4 days heavily from 1400 to 1250 ?

if you have this question in your mind than read this news.

US Commerce dept has imposed fresh duty on polyester yarn imports from India.

U.S. Department of Commerce Issues Affirmative Preliminary Determinations in the Countervailing Duty Investigations of Imports of Polyester Textured Yarn from China and India.

https://www.commerce.gov/news/press-releases/2019/04/us-department-commerce-issues-affirmative-preliminary-determinations

Reliance is the largest producer of polyester fibre and yarn in the world.
Reliance taking big hit on this news.

So may be due to this news reliance Industries is falling.

Note - This is just forwarded Information so make your own decision and research on it.

Disclaimer - This above information is forwarded news so make your own research before taking any decision on it or ask to your financial advisor before buying or selling any stock don't take it as recommandation.