January 21, 2013 / 4:17 AM / in 5 years

MARKET EYE-Indian shares gain; Reliance surges

* The BSE index gains 0.33 percent, while the NSE index
 is up 0.26 percent.
* Reliance Industries Ltd jumps 4.4 percent after
posting a better-than-expected 24 percent increase in
third-quarter net profit, driven by a higher refining
margin. 
* Oil marketing companies extend gains after the government's
decision to allow higher diesel prices: Hindustan Petroleum Corp
Ltd is up 2.14 percent, Indian Oil Corp rises
1.9 percent, while Bharat Petroleum Corp Ltd gains 2.8
percent higher.
* State Bank of India gains 0.6 percent after the bank
approves a 30.04 billion rupees capital injection by the Indian
government. 

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

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