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Friday April 25th 2014

Sensex went up by 300 points on Reliance Rumours

Sensex saw a very good day in a long time , The market opened with a strong support from Reliance and also supported by IT company like infosys and TCS , and also Bank stock mainly HDFC , But the main reason for this big gain is because of Reliance Stock and the reason is because of speculation the two warring Ambani brothers will reach out-of-court settlement over supply of gas from Reliance Industries (RIL)’s KG basin. But after market hours it was declared that it was just rumor not sure if it will loose all the points tomorrow.