Business Standard

ADAG stocks rally, RCom zooms over 10%

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Press Trust of India Mumbai

Led by Reliance Communications, all Anil Ambani group companies rose by up to 10 per cent on the Bombay Stock Exchange today amid a volatile broader market.

Reliance Communications (RCom) was the top gainer among the frontline stocks surging by 10.51 per cent to close at Rs 141.90 on BSE. During the trade, the telecom major had gained 12.46 per cent to touch an intra-day high of Rs 144.40.

Another heavyweight from the ADAG pack, Reliance Infrastructure, zoomed 3.40 per cent to settle at Rs 814.80. It grabbed the second place among the Sensex firms.

According to market observers, the ADAG pack did not participated in the market rally for long and today's rise is mainly driven by buying at lower levels.

Among other major gainers, Reliance Power went up by 4.75 per cent, Reliance Capital by 2.75 per cent, Reliance Broadcast Networks by 4.99 per cent and Reliance MediaWorks by 6.15 per cent.

Meanwhile, the broader gauge Sensex ended at 20,073.66, up 90.78 points, or 0.45 per cent.

 

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First Published: Dec 24 2010 | 5:23 PM IST

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