India, Sept. 7 -- Six months of data have produced a contradiction India's most valuable private company has not fully resolved: Reliance Industries posted one of its strongest quarterly results in memory during the same period its stock fell 6.3 percent.

Monday's session extended the disconnect. The stock shed 0.60 percent to close around 1,316.80 on the National Stock Exchange, retreating from an intraday open of 1,323.10 and holding above session support at 1,313.20. What moved the stock was not anything Reliance did. It was what the US Labor Department reported Friday, when August non-farm payrolls came in at nearly triple the consensus forecast, driving overnight futures markets to price a 60 percent probability of a September Fede...