Mkts cheer petrol price hike; oil stocks push Sensex up 274 pts

May 24, 2012 17:20

Led by energy stocks like ONGC, the BSE Sensex today closed at 16,222.30 with a smart 274-point gain -- the highest in a single day since March 30 -- as
investors bet on hikes in diesel and cooking gas prices in line with a steep hike in petrol price announced yesterday. The recovery in rupee from its fresh record lows also helped the sentiment in the stock market.

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