Sensex gains; ONGC, HPCL rise
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)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Islamic State militants said they had beheaded a second Japanese hostage, journalist Kenji Goto, prompting Prime Minister Shinzo Abe to vow to step up humanitarian aid to the group's opponents in the Middle East and help bring his killers to justice. Full Article | Video