Reliance Industries Buying Back More Shares: Traders

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>Shares in Reliance Industries gain 1.6 per cent as traders say the company is increasing the volumes of its ongoing share buyback programme.<br><br>The Indian energy conglomerate has bought 14.3 million shares since its buyback opened on February 1, traders estimate. It will close on January 2013.<br><br>Reliance had purchased 167,768 shares from the market as of early afternoon on Thursday.<br><br>Reliance Industries shares have dropped 9.3 per cent this month as of Wednesday's close, as investors remain concerned about its earnings outlook and its gas reserves.<br><br>(Reuters)</p>