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Reliance Ind leads Sensex rise

September 15, 2009

Shares in Reliance Industries ended 1.5 percent higher at 2180 rupees, pushing the broader market up 1.4 percent to 16,454.

Reliance Industries, which has the maximum weightage on the Sensex, ended as the top gainer in terms of net gain on the BSE Oil & Gas Index and also among the 30 Sensex

The Oil & Gas Index rose over 1 pct helped by gains in RIL, IOC and GAIL.

According to Thomson Reuters data, RIL shares have gained nearly 9 percent this month and over 70 percent since January.

The volume of Relaince shares traded stood at over 0.5 million on Tuesday.

Reliance Industries yesterday informed the BSE that the high court in Bombay has sanctioned the scheme of Amalgamation of Reliance Petroleum with Reliance Industries.

Shares in Reliance Petroleum ended 1.7 percent higher at 134 rupees.

Reliance Industries’ new 580,000 bpd refinery in Gujarat is operating at close to full capacity, its Executive Director P.M.S. Prasad said yesterday.

Do you think RIL shares will touch new highs post the amalgamation of Reliance Petro?

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