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Deregulation buzz lifts Sensex 146 pts

Mumbai, Jan 18, 2012, DHNS:

Key benchmark indices of BSE and NSE bounced back on Thursday in a volatile trading session after government virtually deregulated diesel prices by authorising PSU oil marketing companies to change diesel prices periodically.

BSE Sensex rebounded by a gain of 146 points to settle at 19,964 points at close, while the 50-unit S&P CNX Nifty at National Stock Exchange was up 37 points and closed at 6,039 points. Shares of energy company Reliance Industries (RIL) and state-run ONGC were gainers in the day's rally.

RIL hit 52-week high ahead of its Q3 results to be declared on Friday, while cigarette maker ITC edged higher ahead of its Q3 results tomorrow.

Telecom stocks gained after the Union Cabinet this morning approved reduction in reserve price for the auction of spectrum in 800 MHz band for CDMA by 50 percent from the previous reserve price approved by the Union Cabinet at its meeting held on August 3, 2012. Expectations that RBI will shift attention to supporting growth by lowering interest rates also boosted markets on Thursday.


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Neeta Ambani along with actor Ranbir Kapoor at the launch of Reliance foundation youth sports...

Neeta Ambani along with actor Ranbir Kapoor at the launch of Reliance foundation youth sports...

Monica Besra, beneficiary of Mother Teresa's first 'miracle' at her house at Nattor village...

Monica Besra, beneficiary of Mother Teresa's first 'miracle' at her house at Nattor village...

A new born baby is rescued at the medical college & Hospital where a major fire broke out...

A new born baby is rescued at the medical college & Hospital where a major fire broke out...

Irom Chanu Sharmila offers prayer at Kangla fort after released from JNIMS security ward in Imphal..

Irom Chanu Sharmila offers prayer at Kangla fort after released from JNIMS security ward in Imphal..

Dalit leader Jignesh Mevani (R) being honoured by Ambedkar Mahasabha in Lucknow...

Dalit leader Jignesh Mevani (R) being honoured by Ambedkar Mahasabha in Lucknow...

Roland Folger, MD & CEO, Mercedes Benz India at the Mercedes-Benz Luxe Drive...

Roland Folger, MD & CEO, Mercedes Benz India at the Mercedes-Benz Luxe Drive...

Olympic Silver Medalist P V Sindhu visits Mahakali Temple in Hyderabad...

Olympic Silver Medalist P V Sindhu visits Mahakali Temple in Hyderabad...

Launching postal stamp of Shivarathri Rajendra Swami, as part of his Birth Centenary Celebrations...

Launching postal stamp of Shivarathri Rajendra Swami, as part of his Birth Centenary Celebrations...

People on boat wade through flooded river in Didarganj area in Patna...

People on boat wade through flooded river in Didarganj area in Patna...

Chief Minister of Kerala Pinarayi Vijayan inaugurates Doha Bank's Kerala branch in Kochi...

Chief Minister of Kerala Pinarayi Vijayan inaugurates Doha Bank's Kerala branch in Kochi...

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