MARKET EYE-Indian shares up; Reliance, DLF gain

Wed Feb 20, 2013 2:17pm IST

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* The BSE index gains 0.14 percent and the 50-share NSE
index is up 0.18 percent.
* Shares in Reliance Industries extend gains to 3
percent, after the company said it will invest over $5 billion
in the next three to five years jointly with UK partner BP
 to boost declining output at a key natural gas field off
India's east coast. 
* Oil marketing companies trading higher, with traders saying
that oil and gas stocks are likely to benefit from government
reforms in the sector.       
* Indian Oil Corp up 1.1 percent, Bharat Petroleum Corp
 gains 3 percent and Hindustan Petroleum Corp 
is up 2.8 percent.
* DLF shares gain 3.7 percent, hitting their highest
level since Jan. 11, 2011, on continued hopes of an earnings
recovery and on a CLSA upgrade. The property developer gained
8.6 percent in the previous two sessions.

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
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