MUMBAI Jan 17 Indian shares rose on Thursday, led by gains in state-run oil companies after the government allowed them to set diesel prices, despite uncertainty about the specifics of the announcement.
Bharat Petroleum Corp provisionally rose 3.6 percent, Indian Oil Corp rose 6.5 percent, while Hindustan Petroleum Corp ended 5.1 percent higher.
Shares in Reliance Industries also rose 3.1 percent ahead of its December quarter earnings on Friday.
The BSE index provisionally gained 0.67 percent, while the 50-share NSE index ended up 0.57 percent. (Reporting by Abhishek Vishnoi; Editing by Anand Basu)
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column