January 18 was a historic day for Indian bourses. Between 8am and 9am, Indian Standard Time, the stock exchange scheduled a special trading session solely for price discovery in Reliance Industries RIL and its erstwhile subsidiaries, Reliance Energy, Reliance Capital, Reliance Infocomm and Global Fuel Management Services which will look after all contacts for sourcing and supplying gas from RIL to Reliance Energy for its gas based power generation projects.
The combined shares had closed the previous day at Rs920. At 8am Reliance Industries opened at Rs700 on a stand-alone basis, traded up to Rs725, then closed around Rs715.
On a sum of the parts basis,...
