ADAG stocks on the list of highest gainers today

Anil Dhirubhai Ambani Group stocks rose 3.62% to 17.83% following the Ambani brothers' recent agreement to dump their differences and non-compete agreements. 

 The stocks closed in the following manner:

·         Reliance Natural Resources (RNRL) - 17.83%

·         Reliance Media Works - 12.25%

·         Reliance Capital - 6.31%

·         Reliance Infrastructure - 4.23

·         Reliance Power - 6.88%

·         Reliance Communications - 3.62%

Last month, the two Ambani brothers ended non-compete agreements in a move they hoped would lead to co-operation between the two groups. Mukesh and Anil Ambani decided to end agreements preventing them from investing in industries where the other was present and pledged to work together in an atmosphere of harmony.

The agreement scrapped a non-compete pact that had prevented Mukesh from sectors such as power, telecom and financial services and had kept Anil Dhirubhai Ambani group (ADAG) away from refining and petrochemicals.

BSE Sensex closed 273 points up at 17338 today.