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Reliance Industries drops 3 percent

December 7, 2009

Shares in India’s top listed firm, Reliance Industries, plunged 3 percent on Monday, dragging the benchmark lower by 118 points.

The shares of the energy major, which recently began trading ex-bonus, closed 33 rupees lower at 1055.65.

RIL’s shares also pushed the BSE Oil & Gas Index lower by almost 2 percent.

Reliance shares have gained over 9 percent since November. Would you enter this stock at the current levels?

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