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Wednesday 28 January 2015
News updated at 2:42 PM IST
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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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A MiG-27 of the Indian Air Force (IAF) crashes in Barmer district in Rajasthan on Tuesday...

A MiG-27 of the Indian Air Force (IAF) crashes in Barmer district in Rajasthan on Tuesday...

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Goods trucks waits on Srinagar-Jammu National Highway during fresh snowfall...

Indian and Chinese army officials standing near a rangoli, made on the occasion of Republic Day...

Indian and Chinese army officials standing near a rangoli, made on the occasion of Republic Day...

Barack Obama and Michelle Obama meet with nobel laureate Kailash Satyarthi and his wife Sumedha...

Barack Obama and Michelle Obama meet with nobel laureate Kailash Satyarthi and his wife Sumedha...

Cartoonist R K Laxman being accorded state funeral in Pune on Tuesday...

Cartoonist R K Laxman being accorded state funeral in Pune on Tuesday...

Barack Obama and  Michelle Obama greet people as they board Air Force One at Air Force Station...

Barack Obama and Michelle Obama greet people as they board Air Force One at Air Force Station...

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Services' bands perform during the rehearsal for Beating Retreat ceremony in New Delhi...

India's BSF soldiers ride camels as they rehearse for 'Beating the Retreat' ceremony in New Delhi...

India's BSF soldiers ride camels as they rehearse for 'Beating the Retreat' ceremony in New Delhi...

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Barack Obama and PM Narendra Modi recording 'Mann Ki Baat' show in New Delhi...

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Barack Obama and Michelle Obama stand with Saudi Arabia's King Salman...

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