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.
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.
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