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Sensex up as oil firms smile

business Updated: Jun 27, 2011 21:59 IST
HT Correspondent

The benchmark Sensex of the Bombay Stock Exchange on Monday rose 172 points or 0.94% to close at 18,412 on the back of a rally in oil and gas stocks after diesel and LPG prices were raised on Friday.

The broad-based National Stock Exchange also closed higher at 5,526.6 points, up 1% or 55.35 points. The oil and gas index was up by 127 points or 1.4%.

The fall in global crude oil also boosted market sentiments in favour of the oil companies.