MUMBAI Jan 4Indian shares edged higher on Friday to touch two-year highs as oil companies such as ONGC rose on hopes a proposed change in the government's pricing formulas would boost gas prices, while IT stocks rose on expectations for a better 2013.
Oil and Natural Gas Corp Ltd provisionally rose 1.3 percent, while Hindustan Petroleum Corp Ltd jumped 5 percent.
Tata Consultancy Services Ltd rose 1.4 percent.
The BSE index provisionally gained 0.02 percent, while the 50-share NSE index ended up 0.11 percent, both marking their highest closes since January 2011. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
Trending On Reuters
The Reserve Bank of India (RBI) kept its key repo lending rate unchanged at 6.75 percent on Tuesday, as widely expected, after consumer inflation picked up to a four-month high and as emerging markets brace for a U.S. rate hike. Full Article