Reuters Market Eye - Reliance Industries surged over 5 percent after the Economic Times newspaper reported the energy conglomerate has agreed to share its KG-D6 accounts with the government.
The agreement fulfills a key provision that contributed to a stand-off over government approvals Reliance needs to further develop the block, traders say.
Shares were also bolstered, hitting earlier their highest since mid-March, as ET also reported Reliance's management committee is due to consider the commercial viability of three gas finds at the KG-D6 blocks, leading to some hopes for a favourable outcome.
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