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Deregulation buzz lifts Sensex 146 pts

Mumbai, Jan 18, 2012, DHNS: 23:50 IST
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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Smokes and flame comes out from the window after a high rise office building caught fire...

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Students pose after lighting oil lamps around a 'Rangoli' outside their hostel...

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Jammu and Kashmir Chief Minister Mehbooba Mufti celebrates Diwali with orphans in Jammu...

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Prime Minister Narendra Modi celebrating the Diwali with the jawans of the Indian Army...

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President Ram Nath Kovind greeting people on the occasion of Diwali festival at Rashtrapati Bhavan..

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Devotees queued at Dakhheneswar Kali temple during Diwali festival in Kolkata...

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Woman teachers pose with Diwali greeting messages at a school in Moradabad on Tuesday...

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