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Reliance Industries shares gain more than 1 pct

August 3, 2010

Shares in Reliance Industries, India’s top listed firm, gained 1.1 percent on Tuesday, helping the benchmark index close marginally up.

Commuters walk past the Bombay Stock Exchange (BSE) building in Mumbai May 21, 2010. REUTERS/Rupak De Chowdhuri/Files The stock, which has the highest weight on the main index, closed at 1,026 rupees.

The oil secretary has said that Reliance Industries will be able to pump natural gas at full capacity from its deep-sea field during the year to March 2013, indicating a delay of almost two years. The stock too has been weak off late, and has fallen 5.5 percent since July.

BP Plc is in talks with Reliance Industries to sell its African retail assets that could be worth as much as $500 million, four sources told Reuters last week.

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