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RIL falls, weak day for oil & gas stocks

November 23, 2010

Shares in Reliance Industries, which have the heaviest weight in the benchmark index, closed 1.7 percent lower on Tuesday. The BSE Oil & Gas Index closed 1.69 percent lower.

Indian markets struggled as as military tensions in Korea, a local corruption scandal and Ireland’s financials troubles spooked investors.

Other oil & gas counters like IOC slipped nearly 5 percent, while Aban Offshore slipped 4.1 percent.

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