Release of reserve oil cools the sensex
Mumbai: Following an unprecedented situation in the oil scenario globally, the decision of the US government to release oil from the emergency stock and the decision of the Indian government not to pass on the entire oil pool account deficit to the consumer, helped lift the sentiments on the stock exchange. As a result, the Bombay Stock Exchange sensex rose 3.5 per cent, or by 141.11 points, to end at 4,173.48 yesterday.

The 30-scrip BSE sensex opened at 4,144.81, touched a intra-day high of 4,210 and a intra-day low of 4,105.75, to finally close at 4173.48. On the National Stock Exchange, S&P CNX Nifty closed higher by 26.10 points or 2.06 per cent to 1,266.45.

Around 16 shares of the BSE A group hit the upper circuit. Among ICE stocks, SSI, Wipro, Silverline Technologies and Satyam Computer hit the upper circuit limit of 16 per cent yesterday.
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