Post-crash,Anil Ambani stocks gain

ADAG stocks extended gain for the second day with Reliance Infrastructure hogging the limelight.

eversing their early losses,shares of Anil Ambani group companies’ stocks today surged by up to 5.2 per cent on the Bombay Stock Exchange.

The ADAG stocks yesterday also posted smart gains of up to 9.45 per cent after getting battered in the previous sessions. The group had sought a probe into the role of bear cartels in destabilising its stocks and other infrastructure companies.

Also,the Anil Ambani group today said it has identified stockbrokers behind the spread of malicious rumours and “baseless sensational charges” against it and sought immediate action by Sebi against the perpetrators.

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Shares of Reliance Infrastructure accelerated by 5.20 per cent to settle at Rs 615.70 after plunging by over 4 per cent in morning trade.

Reliance Communications ended 0.62 per cent higher after hitting its lifetime low of Rs 89.70 during the day.

Reliance Broadcast Network advanced by 4.60 per cent,Reliance Capital by 2.18 per cent,Reliance MediaWorks by 3.48 per cent and Reliance Power by 1.95 per cent.

The stocks companies belonging to the Reliance Anil Dhirbuhai Ambani Group have fallen sharply in the past few weeks,for which the group has blamed on corporate rivals,a cartel of stock market manipulators and ‘rumour mongering’.

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Meanwhile,the BSE barometer index Sensex ended the day with a gain of 265.57 points at 17,728.61.