RNRL and Reliance Infra are believed to have been given more time by market regulator SEBI in its probe into market dealings by the two ADAG companies a case in which the firms’ top brass, including Chairman Anil Ambani, had been given a fresh chance for a personal hearing on Friday. The representatives of the [...]

Nifty has been moving in the narrow band of 5350 and 5500. A major support likely to come at the 5350 level on the downside and only a convincing breach of this level would lead to a bearish outlook of the market in the near term. On the upside, the trend channel resistance is at [...]

ADAG firms Reliance Natural Resources and Reliance Infrastructure on Tuesday fell by up to 1.7 per cent on bourses in morning trade, a day after market regulator Sebi issued notices to both the companies in a matter relating to stock market transactions. Shares of Reliance Natural Resources (RNRL) declined 1.7 per cent to touch a [...]

Stock market investors are anxiously eyeing economic readings worldwide in the week ahead for respite from the recent market turbulence caused by the debt crisis in select European economies. That and the trend in index heavyweight Reliance Industries (RIL) will set the tone for the market this week. RIL shares gained 3% on Friday to [...]

State-run power producer NTPC today settled 0.86 per cent down on the Bombay Stock Exchange, amid the Supreme Court rejecting RNRL’s plea for cheap gas from country’s most valued firm RIL. Shares of NTPC closed 0.86 per cent down at Rs 201.65 on the Bombay Stock Exchange (BSE). The stock during the trade fell by [...]

Shares of Reliance Industries today skidded nearly two per cent, while ADAG firm RNRL gained over five per cent on the BSE, ahead of an expected Supreme Court verdict on the gas supply dispute between the two firms. Shares of Mukesh Ambani-led RIL, the country’s most valued firm, today fell below the Rs 1,000-mark in [...]

The Indian stock market ended in the negative territory on Friday, as bearish sentiments in global markets with concerns of sovereign debt crisis in the Europe were spiked with a sharp sell-off in the US. Back home, the fall in benchmarks was capped as investors bought shares of index heavyweight Reliance Industries after the company [...]

The stock market today opened sharply lower with a 267-point dip on the benchmark Sensex in early morning trade, primarily due to a sharp plunge in shares of heavyweight Reliance Industries. Ahead of a Supreme Court verdict on the dispute between RIL and Anil Ambani group firm RNRL, the shares of Mukesh Ambani-led firm dipped [...]

Shares of Anil Ambani owned Reliance Natural Resources (RNRL) and Reliance Power gained momentum after media reports that the Supreme Court may announce verdict in RIL-RNRL gas dispute case in a week’s time. It has been reported that the Chief Justice of India KG Balakrishnan, who is leading the 3-member Supreme Court bench on the [...]

Reliance Natural Resources Ltd (RNRL) on Wednesday concluded its arguments in the Supreme Court over the gas dispute with Reliance Industries Ltd (RIL), saying that two lower courts had upheld its position on the quantity, tenure and pricing of supplies. “We want a comprehensive end to the dispute in the interests of the country’s economy,” [...]