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

Market Eye

Sensex, Nifty rise to second consecutive record high

Sensex, Nifty rise to second consecutive record high

The BSE Sensex and Nifty on Friday rose to their second consecutive record highs. The 30-share Sensex surged as much as 1.52 percent to an all-time high of 27,762.13. The broader Nifty gained as much as 1.49 percent to a record of 8,291.65.  Full Article 

REUTERS SHOWCASE

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Leisure Riding

Leisure Riding

Harley-Davidson woos affluent young Indians with bike culture  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

Reuters India Mobile

Reuters India Mobile

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