MARKET EYE-Indian shares up; oil companies extend recent gains

Mon Jan 7, 2013 9:53am IST

Related Topics

Stocks

   

* The BSE index gains 0.15 percent and the NSE index
 is up 0.12 percent.
* Upstream oil and gas companies extend gains on hopes that a
pricing formula recommended by a government-appointed panel will
help sharply raise the prices of domestic natural gas.
 
* Oil and Natural Gas Corp shares are up 1.2 percent,
and have gained 6.4 percent in previous three sessions, while
Cairn India Ltd gains 1.8 percent, adding to 5.4
percent gain in the previous two sessions.
* Domestic shares are likely to consolidate as recent gains have
come on the back of strong foreign inflows. Asian stocks drifted
on profit-taking from a New Year rally that had pushed markets
to multi-month highs.

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.reuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

U.S. Economy

U.S. Economy

Spectre of no-inflation world looms over Fed's return to normal  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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