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May 24, 2012, 05.54 PM IST
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.
Oil and Natural Gas Corporation
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.
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.
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.
May 22 2013, 11:25
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May 22 2013, 10:44
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