Anil Ambani group stocks are under intense selling pressure. Know why
Aug 13, 2015, 15:11 IST
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Futures of stocks belonging to the Anil Ambani group are under intense selling pressure in the derivatives space as traders press the Sell button on the group's companies.Reliance Communications plunged 10.6 percent to 60.15 rupees. Its Open Interest rose 12 percent.
Reliance Power dropped 7 percent to 40.70 rupees. Open Interest rose 11.3 percent
Reliance Infrastructure was down 5.8 percent to 360.20 rupees. Open Interest gained 11.2 percent
and Reliance Capital lost 3.8 percent to 337.30 rupees with open interest rising 2.6 percent.
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The down draft in the group's stock prices is in contrast to the mild uptick on main indices.
Image credit: Indiatimes