Sensex gains; ONGC, HPCL rise

Tue Feb 12, 2013 10:33am IST

Brokers trade on their computer terminals at a stock brokerage firm in Mumbai July 23, 2008. REUTERS/Punit Paranjpe/Files

Brokers trade on their computer terminals at a stock brokerage firm in Mumbai July 23, 2008.

Credit: Reuters/Punit Paranjpe/Files

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Reuters Market Eye - The Sensex is up 0.25 percent and the Nifty rises 0.16 percent. Shares in state-run Oil and Natural Gas Corp (ONGC.NS) rose 2 percent a day after its October-December net profit beat market expectations, while Hindustan Petroleum Corp (HPCL.NS) rose 0.6 percent ahead of its October-December results later in the day.

Jindal Steel and Power (JNSP.NS) falls 1.4 percent ahead of its October-December earnings later in the day.

The government will release industrial output data for December around 11 a.m. According to a Reuters' poll of analysts, the worst is probably over for flagging Indian factories and industrial production could grow an annual 1.1 percent in December.

(Reporting by Abhishek Vishnoi)

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