September 29, 2016 / 4:41 AM / 10 months ago

BUZZ-India's energy stocks gain as oil prices rally after OPEC deal

1 Min Read

** The S&P BSE Oil & Gas Index gains as much as 1.36 pct, while the Nifty energy index rises 1.17 pct

** OPEC agreed on Wednesday to curb output in first such deal since 2008, sending global oil prices into a rally

** OPEC members agreed to limit production to 32.5-33.0 mln barrels per day in talks held on the sidelines of an energy conference in Algeria

** Oil and Natural Gas Corp rises as much as 2.52 pct; stock top gainer on the Nifty index

** Reliance Industries Ltd rises 1.59 pct, Cairn India Ltd gains 1.91 pct

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