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May 24, 2012, 05.54 PM IST

BSE Sensex rises on fuel hike hopes, ONGC surges

The BSE Sensex rose 1.8% on Thursday, its biggest single day gain since March 30, after the steep hike in petrol prices sparked hopes of similar hikes in other fuels, pushing up energy stocks such as ONGC.

Source: Reuters
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15:46
The BSE Sensex rose 1.8% on Thursday, its biggest single day gain since March 30, after the steep hike in petrol prices sparked hopes of similar hikes in other fuels, pushing up energy stocks such as ONGC .


BSE Sensex rises on fuel hike hopes, ONGC surges
A government committee headed by Finance Minister Pranab Mukherjee will meet on Friday to discuss raising diesel, liquefied petroleum gas and kerosene prices, a finance ministry official said on Thursday.


Also Read: Will partial rollback of petrol price hike impact market?


Oil and Natural Gas Corporation rose 6.1% ahead of the crucial meeting.


The BSE Sensex provisionally rose 1.84% to 16,242.23 points.


The broader 50-share Nifty rose 1.77% to 4,921.40 points.


14:26
Sensex gains 1% on diesel price hike hopes; ONGC up 6%
The BSE Sensex and NSE Nifty advanced around 1% as the steep hike in petrol prices raised hopes that diesel and LPG prices will also be increased.

Read More »

13:45
Choppy Sensex, Nifty off day's high; SBI, HDFC most activeRead More »
The BSE Sensex and NSE Nifty remained volatile as the Indian rupee choppy too. The rupee stayed near record low (though recovered somewhat in morning trade), falling 32 paise to 56.32 a dollar in afternoon trade.

Read More »

12:31
Sensex gains 200 pts, Nifty hits 4900; ONGC spikes 4%Read More »
The BSE Sensex gained more than 200 points while the NSE Nifty surpassed the 4900 level on broadbased buying. Banking & financial, oil & gas, technology and metals stocks led the rally in afternoon trade.

Read More »

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Tags: BSE Sensex , petrol, ONGC, Pranab Mukherjee , diesel, kerosene prices
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