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Thursday 26 May 2016
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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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Photo Gallery
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Rishi Nair of Florida bites his metal after winning the 2016 National Geographic Bee...

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Vehicles moving on a road during a dust storm in Bikaner...

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Models walk on a ramp during fashion show of students of National institute of fashion technology...

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President Pranab Mukherjee garlanding the bust of Tagore at Peking University...

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Women of a tribal community take part in pitcher race during a tribal festival in Birbhum district..

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The stray nilgai calf that was running frenzied near the Parliament House being rescued...

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A baby monkey continue to suckle as its mother try to quench its thirst from a drinking water tap...

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World leaders at the start of the second working session of the G-7 summit meetings in Shima...

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