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MARKET EYE-Indian shares gain; state-run oil companies jump
January 18, 2013 / 4:30 AM / 5 years ago

MARKET EYE-Indian shares gain; state-run oil companies jump

Jan 18 (Reuters) - * The BSE index gains 0.17
percent, while the NSE index is up 0.15 percent.  
* Shares in state-run oil companies such as ONGC surged for a
second consecutive session on Friday after the government's
diesel price hike was seen reducing their subsidy burden.
 
* Oil and Natural Gas Corp Ltd is up 10.2 percent,
adding about $6 billion in market value. 
* Refiner Hindustan Petroleum Corp Ltd gains 5.3
percent while Bharat Petroleum Corp Ltd is up 5.8
percent. Oil India Ltd is up 7.9 percent.
 
* However, shares in India's No.3 software services provider
Wipro Ltd were down 4 percent after earlier falling as
much as 5 percent, with traders saying the performance of the
company's core IT services segment was not as strong as
expected. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)

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