Date:08/01/2005 URL: http://www.thehindubusinessline.com/2005/01/08/stories/2005010802250300.htm

Back Market has ignored Reliance row: SEBI

Our Bureau

New Delhi , Jan. 7

THE stock market has chosen not to react to the ongoing tussle between the Ambani brothers - Mr Mukesh and Mr Anil - on issues relating to the future of the Reliance Group, the Chairman, Securities and Exchange Board of India, Mr G.N. Bajpai, has said.

He said that the market had "ignored" the ongoing tussle between the two brothers. He, however, declined to give any details on the SEBI's moves on investigating the affairs of the Reliance Group after the tussle came into the open.

Mr Bajpai said that he was not concerned over the sudden fall in the Sensex on Wednesday. "Any unusual movement is a matter of concern for us. But the market is doing very well today and there is no cause for worry," he said when asked about the Wednesday's movement of the stock market.