HindustanTimes Fri,19 Sep 2014

Sensex ends 121 pts up; RIL, ONGC among major gainers

PTI  Mumbai, December 28, 2012
First Published: 09:50 IST(28/12/2012) | Last Updated: 16:35 IST(28/12/2012)

The BSE benchmark Sensex on Friday closed 121 points higher on buying in energy stocks following reports of a gradual hike in fuel prices amid a firming global trend.


Led by energy major Reliance Industries and ONGC, the Sensex closed 121.04 points up, or 0.63%, to 19,444.84.

The broad-based National Stock Exchange index Nifty spurted by 38.25 points, or 0.65%, to 5,908.35.

Brokers said energy majors like RIL, ONGC, Indian Oil and Bharat Petroleum remained on the fore-front following reports that the government might gradually increase the diesel price next year to cut subsidies.

They said the uptrend was further supported on a firming global trend as US lawmakers arranged talks with political parties before a budget deadline.

In 30-BSE index kitty stocks, 22 closed with gains while eight surrendered moderate ground led by banking sector on profit-booking from recent upsurge.

The oil and gas sector index gained the most by 2.38% to 8,510.52 as segment major and index-heaviest Reliance Industries surged 2.73% to Rs. 840.35 and ONGC by 2.49% to Rs. 265.85.

Among others, Oil India added 1.52% to Rs. 466.15, Indian Oil by 3.03% to Rs. 268.80, Hindustan Petroleum by 4.23% to Rs. 292.90 and Bharat Petroleum by 2.23% to Rs. 353.05.

The information technologies sector was second best performer by rising 1.21% to 5,686.98, while banking sector index declined 0.01% to 14,330.47 as investor booked profits from the recent surge.

more from Business

Infosys partners Huawei; extends pact with Microsoft, Hitachi

India's second largest software services firm Infosys on Thursday said it has partnered China's Huawei Technologies to offer enterprise cloud, big data and communication solutions.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved