Sensex up 400 points

Mumbai, June 28 – The BSE sensex rose more than 2% as energy firms such as Oil and Natural Gas Corp and Reliance Industries rallied after the government approved a hefty increase in gas prices.

 

Sentiment was also boosted as the rupee gained on Friday, further retreating from a record low hit on Wednesday.

 

ONGC shares were up 2% at 1:20pm, while Reliance was up 3%.

 

TOI