Reliance Industries shares rise on Reddy's exit from Petroleum Ministry

Shares in Reliance Industries gained on Monday on hopes that the appointment of a new oil minister would improve what has been seen as a contentious relationship between the energy conglomerate and the government. Reliance Industries shares closed 1.5 per cent higher at Rs 811.20 on the NSE outperforming the broader BSE energy index, which ended 0.62 per cent higher. Analysts said the change of guard at the Petroleum Ministry...