Sensex gains; Reliance surges

Last Updated: Mon, Jan 21, 2013 04:28 hrs

The BSE index gains 0.33 percent, while the NSE index is up 0.26 percent.

Reliance Industries Ltd jumps 4.4 percent after posting a better-than-expected 24 percent increase in third-quarter net profit, driven by a higher refining margin.

Oil marketing companies extend gains after the government's decision to allow higher diesel prices: Hindustan Petroleum Corp Ltd is up 2.14 percent, Indian Oil Corp rises 1.9 percent, while Bharat Petroleum Corp Ltd gains 2.8 percent higher.

State Bank of India gains 0.6 percent after the bank approves a 30.04 billion rupees capital injection by the Indian government.

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