Major Setbacks for SEZ Plans of Ambani Brothers

Anil Ambani & Mukesh AmbaniThe problems seem to have no end for SEZ plans of Ambani Brothers. On Saturday, Uttar Pradesh government put objections on Anil Ambani’s proposal for a special economic zone (SEZ) in Noida. Mukesh Ambani’s Mumbai SEZ have also run into problems with recent objections from CIDCO in Maharashtra.

Reliance Energy will be a Market Performer - Sudarshan Sukhani

Technical Analyst Sudarshan SukhaniIt was an oscillatory session on Dalal Street. Indices got down to a miserable start, but small covering assisted them go back a big amount of their losses. But, unenthusiastic persuasions prevailed, and even the late upturn did not have the thrust to facilitate indices appear in the green zone.

The Nifty closed down 71 points lower at 4,108, whilst the Sensex closed shop at 14,141 after losing 217 points.

Technical Analyst Sudarshan Sukhani of Technical Trends is optimistic on Reliance Energy.

Reliance Retail To Open Up Mega Retail Outlet

Reliance FreshAccording to the reports Reliance Retail is ready to open up 500 hypermarkets crosswise the country by next three years (2010).

The company showed a glance of its jumbo plans by opening up a huge 165,000 sq.ft hypermarket RelianceMart in Ahmedabad, which is largest complete format store in the country.

Reliance To Shift Kurkumbh MEG Facility

Reliance Industries LtdMumbai: Reliance Industries Ltd will close down its polyester intermediate mono-ethylene glycol (MEG) manufacturing plant in Kurkumbh, which is 70 km from Pune, and transfer the complete unit to a new place.

According to a company representative, “We will relocate the small standalone unit to a place with better linkage to raw material.”

RIL Outcome Is Vital To Save The Market Sentiments - Vishwas Agarwal

Today, the BSE Sensex saw a 500 point fall and cracked in proportion to other international markets.

While pointing out on the U-turn taken by the stock market, technical analyst, Vishwas Agarwal stated that Indian stock market was faultily affected today because of reduction in worldwide markets and panic selling.

Saturday’s RIL result is crucial to hoard the persuasions now. Any optimistic news from RIL can ease the market to some extent.

But one thing is obvious that stock market mood has turned very cautious now and people are feeling insecure. So they will make an effort to go out with minimal losses in their place before buying more at existing levels.

Don’t Chase Reliance Capital, It’s Burning At The Moment

According to tRelianceechnical Analyst, Sudarshan Sukhani the investors should stay away from Reliance Capital.

Sukhani said, “Nagarjuna Fertilizer first the stock has broken out,4:46 PM 7/26/2007 5-10-20 year base and it’s the stock that clearly is going to go places I don’t know how much time it is going to take. But it’s a stock one need to buy and in fertilizers it might be an out performer in the broad market also, so I like that stock.”

RIL Results On Saturday Will Be A Surprise: Vishwas Agarwal

The BSE SensexBombay Stock Exchange was in a pessimistic mode today and finished the day with a nearly 100 points deficit.

Remarking on the weak spot in the market technical analyst Vishwas Agarwal believed that the weakness was mainly because of factors upsetting the international markets, which were also down today.

He added that a few spheres that had caught rather a sharp increase in the past few days including cement and banking were calming down slightly. Simultaneously some increase is envisioned in fence sitters like ITC, Reliance Capital and Infosys.

Reliance Energy Net Rises 25% In Jun`07 Qtr

Reliance Energy LimitedReliance Energy recorded a 25.45% enhancement in net profit to Rs 2,215.60 million for the quarter ended June 2007 from Rs 1,766.10 million in the corresponding period ended June 2006.

Buying In Reliance Industries Is The Best Bet

Yesterday’s tradingReliance Industries Ltd. action witnessed unstable movement. But, the reaction reading of the tradable counters remains optimistic. Today’s bear move is expected to modify the response in their favor. In contrast, the existing upbeat sentiment is ready to be further strengthened.

The composition and the position of the top 10 tradable list experienced minor alterations. Bank of India made its way to top 10 list obtruding Satyam. BOI occupied last place in the list.

Reliance Petroleum Continues Its Recent Upsurge

Reliance PetroleumContinuing its recent rise, Reliance Petroleum gained 3.26% to Rs 112.60 in afternoon trading.

Today, the scrip had touched its all-time high of Rs 112.50. It hit a low of Rs 109.30 during the day thus far. It has had its 52-week low was Rs 51 on 25 July 2006.

There were 55.22 lakh shares for trading on the BSE counter. In the past one quarter, the normal daily volume in the stock was 33.94 lakh shares on BSE.

Reliance Mutual Gets Back On Track

Reliance Mutual FundThe fight for the leading outlook in the mutual fund business started again in March, with Reliance Mutual repossessing the peak it had gave up to Prudential ICICI.

As on March 31, 2007, Reliance Mutual’s assets under management (AUM) stood at Rs 46,307 crore, whereas Prudential ICICI was ranked second at Rs 37,870 crore.

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