Reliance
February 15, 2010 by admin · 5 Comments
As far as Reliance Industries is concerned, it is a bellwether for the market if you look at it. Indian markets move up or down based on the performance of Reliance Industries we have seen in many of the cases in past. Current rally in the stock is a relief rally, thanks to the bid not being approved and if the bid would have been approved, then a lot of cash would have flown from RIL and there would have been some borrowing as well, so it is a relief really for that.
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