Money on the markets

Good day for RIL shares

Shares in Reliance Industries, India’s top listed firm, gained 4 percent on Friday, helping the benchmark Sensex post gains of more than 250 points.

RIL, which has the highest weight in the Sensex, ended with volumes of 944,021 on BSE.

The stock had hit an intra-day low of 980 rupees but managed to recover.

Do you think it is the right time to invest in RIL shares?

RIL drops, weak day for oil & gas counters

Shares in Reliance Industries, India’s top listed firm, dropped over 2 percent on Friday and ended as the top loser among Sensex components.

Losses in Reliance contributed the most in dragging the benchmark lower by 174 points. The energy major’s shares have slipped nearly 5.5 percent over the week.

The oil & gas index also lost 1.74 percent. Eight of 11 components on the index, which has slipped 3.2 percent this month, closed in the red.

Some of the other stocks that slid were GAIL, which ended down over 2 percent, and IOC which slipped 1.8 percent.

Do you have a favourite in this sector at current levels?