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Reliance Industries gains

March 16, 2010

RELIANCE-OIL/
Shares in Sensex heavyweight Reliance Industries rose over 3 percent in intra-day trade and closed 3.8 percent higher at 1,066 rupees.

The broader market ended 1.2 percent higher at 17,383 with Reliance Industries and L&T leading the gainers.

Energy major Reliance Industries is out of the race for Value Creation after the Canadian firm sold a majority stake in an oil sands property to BP Plc, a source with direct knowledge told Reuters.

With Reliance Industries dropping over 2 percent this year, do you see yourself investing in the counter now?

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