Wednesday, October 7, 2009

RIL announces bonus bounty

A surprise bonus issue announced by India's biggest private sector firm by market capitalisation and oil refiner Reliance Industries (RIL) after trading hours may boost the bourses at the onset of the trading session on Thursday, 8 October 2009,
Despite correction in broad market, the market breadth was positive, although it was not as strong as it was in the opening session. Index heavyweight RIL which surprised the street with a liberal 1:1 bonus announcement after market hours.

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