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Rel Infra leads rebound in ADAG stocks

Shares of most of Anil Ambani group companies rose by up to 9.45 per cent on BSE today, a day after the scrips were battered on bourses.

twitter-logoPTI | February 10, 2011 | Updated 18:47 IST

Shares of most of Anil Ambani group companies rose by up to 9.45 per cent on BSE today, a day after the scrips were battered on bourses.

After yesterday's sharp fall on bourses, the ADAG has sought an immediate probe into the role of bear cartels in destabilising its stocks and other infrastructure companies.

The surge was led by Reliance Infrastructure, which advanced by 9.45 per cent to settle at Rs 585.25 on BSE. In intra-day session, the stock had risen by 13.12 per cent to a high of Rs 604.90.

Another heavyweights from the Reliance Anil Dhirubhai Ambani Group, Reliance Communications and Reliance Capital, however, trimmed their morning gains to end higher by 1.79 per cent and 1.53 per cent, respectively.

While RCom had surged as much as 7.22 per cent during the day, the latter had jumped 10.51 per cent during the session.

Reliance MediaWorks too cut-short its early gains and closed 4.97 per cent higher on BSE.

In line with the weakness in broader market, Reliance Power and Reliance Broadcast Network ended with a marginal dip of 0.44 per cent and 0.64, respectively on the bourse.

"We have written to the SEBI, the stock exchanges, and intelligence agencies to immediately investigate these concerted efforts to destabilise the capital markets, and create panic amongst investors," the group said today.

The group stocks fell by up to 19 per cent yesterday, causing a market value loss of over Rs 11,000 crore in a single day.

Meanwhile, the BSE barometer Sensex ended the day 129.73 points lower at 17,463.04.

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