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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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Shuttler Jwala Gutta at a press conference at LB Indoor Stadium in Hyderabad...

Shuttler Jwala Gutta at a press conference at LB Indoor Stadium in Hyderabad...

Bollywood actress Sunny Leone after a press conference in Mumbai...

Bollywood actress Sunny Leone after a press conference in Mumbai...

Sadhus stand in a queue to register themselves for the annual pilgrimage to the Amarnath cave...

Sadhus stand in a queue to register themselves for the annual pilgrimage to the Amarnath cave...

A paramilitary soldier keeps a watch on the Jammu- Srinagar highway...

A paramilitary soldier keeps a watch on the Jammu- Srinagar highway...

Children reading the Quran in the holy month of Ramadan in Agartala...

Children reading the Quran in the holy month of Ramadan in Agartala...

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A house collapses at Mirik after landslides triggered heavy rains in Darjeeling...

Army aspirants travel on the roof of a train in Jodhpur after participating recruitment rally...

Army aspirants travel on the roof of a train in Jodhpur after participating recruitment rally...

Women take selfies with their girl children as part of the 'Beti Bachao Beti Padhao' campaign...

Women take selfies with their girl children as part of the 'Beti Bachao Beti Padhao' campaign...

Farmers participate in a bull race at a paddy field in Canning village in South 24 Pargana...

Farmers participate in a bull race at a paddy field in Canning village in South 24 Pargana...

Pranab Mukherjee offers prayers to the sacred Dwajasthambham (flag-mast) of Lord Shiva...

Pranab Mukherjee offers prayers to the sacred Dwajasthambham (flag-mast) of Lord Shiva...

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