RIL rebounds into positive, up 1%

The stock rebounded into the positive terrain to touch a high of Rs 1,035 and the scrip finally ended at Rs 1,016, up 1% from its previous close. The counter clocked volumes of 1.55 million shares as compared to the two-week daily average traded  volumes of  824,917 shares on the BSE.
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(Updated at 1019hrs)

The market regulator Securities and Exchange Board of India (Sebi) has asked the government to consider appropriate action against Reliance Industries Ltd  for allegedly routing funds to dummy companies for buying large quantity of its shares 2000.

The stock opened at Rs 1,005 and zoomed to a high of Rs 1,035. The scrip is now trading at Rs 999, down 1% from its previous close. The counter has clocked volumes of 191,459 shares as compared to the two-week daily average traded volumes of 824,917 shares on the BSE.