Sensex up; Reliance off highs

Last Updated: Mon, Jan 21, 2013 08:44 hrs

The BSE index gains 0.22 percent, and the NSE index is up 0.13 percent.

Reliance Industries Ltd up 2.6 percent. Earlier in the session, Reliance hit its highest level since June 10, 2011 after beating expectations with a 24 percent increase in third-quarter net profit.

Hindustan Unilever shares up 1.6 percent ahead of October-December earnings on Tuesday.

Shares in Mahindra & Mahindra fell 1.4 percent after the Business Standard newspaper reported that the government might impose a higher excise duty or a surcharge on diesel sports utility vehicles, citing an unnamed finance ministry official.

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