RIL jumps on hopes of end to dispute over KG-D6

Reuters Market Eye - Reliance Industries surged over 5 percent after the Economic Times newspaper reported the energy conglomerate has agreed to share its KG-D6 accounts with the government.

The agreement fulfills a key provision that contributed to a stand-off over government approvals Reliance needs to further develop the block, traders say.

Shares were also bolstered, hitting earlier their highest since mid-March, as ET also reported Reliance's management committee is due to consider the commercial viability of three gas finds at the KG-D6 blocks, leading to some hopes for a favourable outcome.