2.69lakh shares have been traded on BSE in the counter as opposed to a standard everyday volume of 12.40lakh shares in the last single quarter.

Mukesh Ambani-led RIL’s and Anil Ambani-run RNRL’s petitions would be presented to the Supreme Court today regarding the gas argument between the two companies.

Reliance Industries Ltd announced yesterday that it could not ink a gas supply contract with previous group company Reliance Natural Resources Ltd as there was no lucidity on government consent for the agreement.

Reliance Industries Ltd and Reliance Petroleum amalgamation was approved by the Bombay High Court on Monday however stayed the order to allow those who are in opposition of the merger to issue a petition.

The fertilizer industry expressed on Wednesday its concern regarding RNRL bagging the utmost gas allotment after the BHC order and asked for assurance on incessant provisions.

5.04lakh shares traded on BSE in the counter. The stock saw a standard everyday volume of 13.76lakh shares in the last single quarter.

NTPC seeks to ink a pact with Reliance Industries for provision of gas from the latter’s basins in the Krishna Godavari.

Reportedly, Reliance Industries and ONGC are likely to compete for obtaining Addax Petroleum.

Reliance Industries has bagged an agreement to provide 95-octane gasoline or petrol to the Iran government led, National Iranian Oil Company in May.

Post noon trades have the markets heading towards upturn, though still under stress.