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RIL, ONGC gain on FTSE quarterly rebalancing

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Shares in Reliance Industries gained 0.9 per cent, while Oil and Natural Gas Corp rose 0.4 per cent on expectations of additional inflows as both stocks could see an increase in their weightage in FTSE indexes after a rebalancing last week, according to Citigroup estimates.
 
FTSE last week announced a quarterly rebalancing across its indexes with changes due to take effect after the close of markets on Friday.
 
FTSE added the following companies: NMDC, IndusInd Bank, Yes Bank, Godrej Consumer Products, Wockhardt, GlaxoSmithKline Consumer Healthcare, United Breweries Ltd, and Shree Cement.
 
Among the deletions, FTSE removed Suzlon Energy Ltd from its indexes.
 
 
 
Copyright Thomson Reuters 2013

 



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