Indian shares gain; state-run oil cos surge for 2nd day
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)
- Tweet this
- Share this
- Digg this
- Controlling the message: Modi chooses state media
- RPT-Wall St Week Ahead-Beyond earnings, buybacks to give market support
- Microsoft plans to launch smartwatch within weeks: Forbes
- U.S. to issue new Ebola care guidelines, watch lists to shrink |
- China says it's hard to resume cyber security talks with U.S.
Four years ago a handful of people gathered in Airbus sales chief John Leahy's country house outside Toulouse and argued long into the evening over curry and cigars. Last weekend they met up again at a Parisian hotel for more haggling.The sum total of money discussed over these meals? About $40 billion at catalogue prices, and the bill was for 430 jets, all sold to the same airline -- IndiGo. Full Article
Companies look for more fairness as China eyes legal reforms at key meeting. Full Article