MARKET EYE-Indian shares trim losses; state owned oil companies gain

Fri Jan 4, 2013 2:25pm IST

Related Topics

Stocks

   

* The BSE index down 0.06 percent after falling as much
as 0.4 percent, while the NSE index fell 0.1 percent.   
* Among metal stocks Tata Steel falls 2.1 percent,
while Hindalco is down 1.8 percent, on profit-taking
ahead of the weekend.
* However, state-owned oil companies gain on expectations the
government could soon raise diesel prices, and on hopes that a
pricing formula, recommended by a government-appointed panel,
will help sharply raise the prices of domestic natural gas,
dealers say.  
* Among refiners, Indian Oil Corp is up 5.9 percent,
Hindustan Petroleum Corp gains 4 percent, Bharat
Petroleum Corp rises 3.2 percent, while shares of oil
explorer ONGC are up 2.4 percent and Oil India gains 3.1
percent.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:

Fast-tracking Projects

REUTERS SHOWCASE

Oil Prices

Oil Prices

Brent oil rises above $62 as energy firms slash investments  Full Article 

Space Programme

Space Programme

ISRO tests its heaviest space launch vehicle, eyes global market   Full Article 

Coal India Strike

Coal India Strike

Coal India workers threaten five-day strike, stokes output worries  Full Article 

Gold Discount

Gold Discount

Dealers offer gold discount for first time in five months  Full Article 

Lakhvi Granted Bail

Lakhvi Granted Bail

Pakistan court bails man accused of masterminding Mumbai attack  Full Article 

GST Bill

GST Bill

Cabinet clears bill for nationwide goods and services tax.  Full Article 

Aviation Sector

Aviation Sector

Breakingviews: SpiceJet rescue is no fix for India aviation woes.  Full Article 

Global Economy

Global Economy

Fed confident on U.S. growth, opens door wider to rate hike.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage