Money on the markets

A maturing market amid the mayhem

Reliance Industries drops

February 18, 2010


The BSE Sensex fell 0.6 percent at 16,327 led by losses in Reliance Industries, Sterlite Industries and ITC.

Shares in Reliance Industries ended 3.3 percent lower at 997 rupees with a volume of 1.1 million shares.

Reliance Industries fell on speculation that it may have to hike its bid for U.S.-based LyondellBasell or abandon it all together after the target settled a dispute with creditors that paved the way for an exit from bankruptcy.

So far this year, the counter has given a net negative return of over 8 percent. Do you think this is the right time to invest in the counter?

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see