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May 17, 2012, 03.07 PM IST
Shares in Reliance Industries gain 1.6% as traders say the company is increasing the volumes of its ongoing share buyback programme.
The Indian energy conglomerate has bought 14.3 million shares since its buyback opened on February 1, traders estimate. It will close on January 2013. Reliance had purchased 167,768 shares from the market as of early afternoon on Thursday. Reliance Industries shares have dropped 9.3% this month as of Wednesday's close, as investors remain concerned about its earnings outlook and its gas reserves.
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