Reliance Power gains; short positions pared - NDTV

Reuters | Updated On: July 09, 2013 11:32 (IST) Shares in Reliance Power Ltd gained 2.9 per cent after investors sharply pared short positions in July futures, dealers said. Reliance Power's July futures saw a reduction of 3,80,000 shares in outstanding positions as of 0446 GMT. Dealers add the sentiment is also improving for other companies controlled by billionaire Anil Ambani group stocks, given the recent efforts for debt reduction and deals in Reliance Communications Ltd. Reliance Comm shares fell 1.7 per cent on profit taking after touching 2-1/2 year high on Monday. Copyright: Thomson Reuters 2013 For Profit Update, via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFX6pZt7fW7-NpNXYJl_FEMi463HA&url=http://profit.ndtv.com/news/market/article-reliance-power-gains-short-positions-pared-324233

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