Insider trading case: focus on Reliance Ind

Shares of Reliance Industries may remain in focus on reports that the Securities Appellate Tribunal is likely to hear its appeal on May 3 against a SEBI order. SEBI had banned the Mukesh Ambani-led firm from equity derivatives trading for one year and had asked it to disgorge nearly ₹1,000 crore. The 10-year-old case relates to alleged fraudulent trading in F&O in the securities of RIL’s erstwhile listed subsidiary Reliance Petroleum.