* The BSE index gains 0.22 percent and the NSE index
is up 0.17 percent.
* Reliance Industries shares gain 0.8 percent on
reports that a panel appointed by the government to look into
oil and gas exploration contracts had recommended a pricing
formula that could sharply raise the prices of natural gas.
* The Rangarajan committee submitted its recommendations to the
Prime Minister Office earlier this month but the government has
not made it public.
* However, Tata Motors Ltd shares fall 0.24 percent on
profit-booking after gaining 12 percent this month as of