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:

Economic Pulse

REUTERS SHOWCASE

Gold Imports

Gold Imports

India eases gold import rule in surprise move.  Article 

Indians in Iraq

Indians in Iraq

India says no contact with 39 men held by Islamic State in Iraq.  Full Article 

Sahara Issue

Sahara Issue

Sahara looks to raise $650 million loan to fund bail.  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster.  Full Article 

Banking Sector

Banking Sector

After record deal, more India bank takeovers on cards  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Cricket Tragedy

Cricket Tragedy

Clarke breaks down giving heartfelt Hughes tribute  Full Article 

Nigeria Violence

Nigeria Violence

Bombs, gunfire kill 81 at crowded mosque in Nigeria's Kano  Full Article 

Movie Review

Movie Review

D’Silva's “Ungli” just skims the surface  Full Article | Related Story 

Reuters India Mobile

Reuters India Mobile

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