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Anil Ambani, Chairman of the ADAG Group is known to be close to SP President Mulayam Singh Yadav. Brokers stated that this was more sentiment driven than any material gains for the ADAG Group.
Reliance Infrastructure was up almost 5.6%, while Reliance Power gained 5% and Reliance Communications more than 2.6% by close of trading. Interestingly, the rise was despite the sharp drop in the indices witnessed today.
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