Indian shares gain; state-run oil cos surge for 2nd day

MUMBAI Fri Jan 18, 2013 3:41pm IST

Related Topics

Stocks

   
A statue of the Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

MUMBAI Jan 18 (Reuters) - Indian shares rose on Friday, led by gains in state-owned oil and gas companies such as ONGC, which surged for a second consecutive session after the government's diesel price hike was seen reducing their subsidy burden.

Producer Oil and Natural Gas Corp Ltd and Oil India Ltd provisionally closed up 7.3 percent each.

Among refiners, Hindustan Petroleum Corp Ltd gained 5.6 percent, and Indian Oil Corp rose 10.8 percent, while Bharat Petroleum Corp Ltd ended 10.4 percent higher.

The BSE index provisionally gained 0.26 percent to close above 20,000 level for the first time since Jan. 6, 2011, while the 50-share NSE index ended up 0.42 percent. (Reporting by Abhishek Vishnoi; Editing by Jijo Jacob)

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

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Jan Dhan Yojna

Jan Dhan Yojna

Modi: Banking for all to end "financial untouchability".  Full Article 

Tracking Monsoon

Tracking Monsoon

Monsoon forecast to be better for crops next week  Full Article 

Reuters India Mobile

Reuters India Mobile

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