Gold Price Today : Indian Stock Market 25 July 2011, shares down 0.1 pct; Reliance Inds, Bharti rise
Reuters - Energy major Reliance Industries was up 1.5 percent ahead of earnings expected after market hours. A Reuters poll last week showed Reliance may report an 18 percent rise in its net profit to 57.2 billion rupees.
India's cabinet on Friday approved Reliance Industries' plan to sell 30 percent stake in 21 oil and gas blocks, instead of the 23 originally planned, to BP as part of a $7.2 billion deal.
Bharti Airtel was up 1.6 percent after a source said the top mobile carrier had raised call prices by up to 20 percent for prepaid users in some of its Indian telecoms zones.
Rivals Reliance Communications and Idea Cellular also rallied.
At 9:16 a.m. (0346 GMT), the 30-share BSE index was down 0.09 percent at 18,705.79 points, with 24 components declining.
The 50-share NSE index was down 0.2 percent at 5,626.30. (Reporting by Ami Shah)
US Markets on July 25 2011
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