Friday, 28 June 2013

Sensex up over 350 points; gas price hike, rupee help - Reuters India

A road sign stands next to the Bombay Stock Exchange building (R), August 3, 2005. REUTERS/Arko Datta/Files

A road sign stands next to the Bombay Stock Exchange building (R), August 3, 2005.

Credit: Reuters/Arko Datta/Files

MUMBAI | Fri Jun 28, 2013 12:47pm IST

MUMBAI (Reuters) - The BSE Sensex rose as much as 2 percent as energy firms such as Oil and Natural Gas Corp(ONGC.NS) and Reliance Industries(RELI.NS) rallied after the government approved a hefty increase in gas prices.

Sentiment was also boosted as the rupee gained on Friday, further retreating from a record low hit on Wednesday.

ONGC shares were up 1.6 percent at 12:45 p.m., while Reliance was up 3 percent.

The BSE Sensex and Nifty were up 2 percent each.

(Reporting by Rafael Nam; Editing by Sunil Nair)

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