Sensex hiked 100 points, Nifty stands at 10350

It was a fine start for the market as sensex got up by 100 points and Reliance Industries today mentioned that it has completed sale of its interest in one of the three shale gas assets in the US to BKV Chelsea for USD 126 million.

Reliance Marcellus II, LLC, a subsidiary of Reliance Holding USA and RIL, closed the sale of its stake in the Marcellus shale gas asset operated by Carrizo Oil and Gas, the company said in a statement.

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The transaction, which was announced on October 6, will be effective April 1, 2017.