Reliance Industries has signed agreements with nine fertiliser and power companies for gas sales from its field in the Krishna-Godavari basin over the past three months. India's largest private sector company has signed memorandums of understanding with Nagarjuna Fertilisers, GVK Industries, Konaseema Power (all in Andhra Pradesh), Kribhco, Chambal Fertilisers, Iffco, Torrent Power (all in Gujarat), Tata Power and Rashtriya Chemicals & Fertilisers in Maharashtra.
Large and small businesses alike have delivered low-key performances.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Weak monsoon forecast rekindled fears of higher inflation.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
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