Indian shares edge up to new 2-yr highs; oil, IT stocks gain
MUMBAI Jan 4(Reuters) - Indian 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)
- Tweet this
- Share this
- Digg this
- Hong Kong protests approach potential National Day flashpoint
- OPEC oil output hits highest since 2012 on Libya, Saudi-Reuters Survey
- Obama, Modi discuss trade, climate, Islamic State at White House
- UPDATE 3-Drug, medical device companies paid billions to U.S. physicians, hospitals in 2013 -data
- UPDATE 2-U.S. charges four with stealing $100 mln in software, data
U.S. President Barack Obama and Indian Prime Minister Narendra Modi worked to deepen improving ties between their countries on Tuesday, but emerged from their second meeting in two days with little in the way of major agreements. Story | Full Coverage
China final HSBC PMI steady in September on stronger global demand but risks remain Full Article