Market Pulse
Sensex losers, gainers this week
It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Fed chief Bernanke’s suggestion that stimulus measures may be scaled back at one of their next few meetings dented sentiment. Here's a look at the top Sensex losers and gainers. Full Article
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MARKET EYE-Indian oil marketers surge on diesel price hike hopes
* Shares in India's state-run oil marketing companies surge after the government allows them to set diesel prices, despite uncertainty about the specifics of the announcement. * Hindustan Petroleum Corp gains 8.9 percent, after touching its highest level since October 2011, while Bharat Petroleum Corp gains 5.9 percent, and Indian Oil Corp is up 7.8 percent. * HPCL has gained 12.1 percent in 2013, as of Wednesday's close, adding 11.95 billion rupees to its market cap. * "Worst time for refineries companies is by and by coming to an end. Refineries shares are quoting at ridiculous valuation," said Vijay Kedia, director at Kedia Securities, talking about their low valuations. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.thomsonreuters.com@reuters.net)
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