Monday, September 1, 2008

Reliance Industries (2136) , RPL (157) look weak

Indian stock market's leading blue chip Reliance Industries has been under-performing the markets in the last two months even though the markets have remained stable. Any adverse movement in the share price of Reliance, which is an Index heavyweight, will have a negative impact on the overall market - more so because there are not many other shares with high weightage that can prop up the index.

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