The
30-share BSE Sensex rose 320.77 points to 26429.30 and the 50-share NSE Nifty
jumped 101.80 points to 7881.50. The broader markets gained too with the BSE
Midcap and Smallcap indices rising 1.3 percent and 1.4 percent, respectively.
About three shares advanced for every share declining on the Bombay Stock
Exchange. ONGC kept its top position in the buying list, up over 5 percent
after the government raised natural gas price to USD 5.61 per mmbtu from USD
4.2 per mmbtu while oil marketing companies like IOC, HPCL and BPCL gained 4-6
percent after the government deregulated diesel price. Shares of HDFC, ICICI
Bank, Tata Motors, L&T, SBI, Axis Bank, Cipla, Gail India and Hindalco
Industries rallied 2-3 percent.
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