MUMBAI (Reuters) - The Sensex and the Nifty rose almost 2 pct each on Friday after the government announced a hike in diesel prices and after the Federal Reserve announced a new asset purchase programme.
The Sensex rose 2 percent as of 9.16 a.m.
State-owned oil companies led the rally after the diesel price hike. Bharat Petroleum Corp Ltd
Banks also rose on expectations the government's fiscal consolidation steps would increase chances of a rate cut from the RBI. State Bank of India