BSE Energy index surges 3%, hits record high; MRPL zooms 20%, RIL up 4.5%

The S&P BSE Energy index hit a record high of 8,667, up 3 per cent on the BSE in Tuesday’s intra-day trade, on strong rally in state-owned companies Mangalore Refinery & Petrochemicals (MRPL), Chennai Petroleum Corporation, GMDC, Coal India and Hindustan Petroleum Corporation (HPCL). These stocks gained between 5 per cent and 20 per cent intra-day, while private sector major Reliance Industries (RIL) added 4.5 per cent.

At 01:36 PM; the S&P BSE Energy index, the top gainer among sectoral indices, was up 3 per cent as compared to 0.31 per cent rise in the S&P BSE Sensex. The