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Reliance Industries gains

September 17, 2010

RELIANCE-OIL/Shares in Sensex heavyweight Reliance Industries rose over 2 percent in trade on news that was in talks with U.S.-based Chesapeake Energy to buy a stake in Eagle Ford shale gas project.

Reliance Industries closed 2.5 percent higher at 1026 rupees, having led the gainers list on the Sensex which ended at a fresh 32-month high at 19594.

The stock has had a disappointing run so far this year with a negative return of over 5 percent.

Do you think shares in Reliance Industries will pick up steam and cross the 1200-rupees mark this year?

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