Indian stocks raised 0.7 % at the begining of trade on Monday

Indian stocks raised 0.7 % at the begining of trade on Monday, with financials leading the increase, getting cues through good Asian markets.

Reliance Industries dropped 1.5 % following the Economic Times newspaper, mentioning an un named source near to proceedings, noted the markets regulator may enforce penalty as much as 15 billion rupees ($328 mln) if it establishes- the energy chief was associated with alleged insider trading.

RCom was decrease greater than 3 % after parent, Reliance-ADA Group, mentioned late on Friday experts had “examined” a few of its authorities as part of a probe in to a telecommunications licence row and this it had been cooperating with them.

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