February 12, 2013 / 4:43 AM / 5 years ago

MARKET EYE-Indian shares gain; ONGC, HPCL rise

* The BSE index is up 0.25 percent and the 50-share NSE
index rises 0.16 percent. 
* Shares in India's state-run Oil and Natural Gas Corp 
rose 2 percent a day after its October-December net profit beat
market expectations, while Hindustan Petroleum Corp 
rose 0.6 percent ahead of its October-December results later in
the day.
* Jindal Steel and Power falls 1.4 percent ahead of
its October-December earnings later in the day.
* India will release industrial output data for December around
0530 GMT. According to a Reuters' poll of analysts, the worst is
probably over for flagging Indian factories and  industrial
production could grow an annual 1.1 percent in December. 

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

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