Four gas utility stocks gained 3.46% to 7.29% at 15:06 IST on BSE after the Supreme Court upheld temporary ban on sale of large diesel vehicles in New Delhi.
Indraprastha Gas (up 7.29%), Gujarat State Petronet (up 7.12%) and Gujarat Gas (up 6.62%) edged higher.
Shares of state-run gas transmission major GAIL (India) rose 3.46% at Rs 372.15. The stock hit a high of Rs 374.50 and a low of Rs 362.15 so far during the day.
Meanwhile, the S&P BSE Sensex was down 41.26 points or 0.16% at 25,582.09
It may be recalled that Supreme Court had imposed a ban on registration of new diesel sport utility vehicles (SUVs) and private cars in Delhi with an engine capacity of over 2000cc until 31 March 2016, to rein in the alarming pollution levels in the capital city. The Supreme Court had at that time ordered that taxis plying in Delhi will have to be converted into compressed natural gas (CNG) by 1 March 2016.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app