On a day that saw stock prices tumbling like nine pins, Cairn India closed 4.84 per cent at Rs 300.10.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>As per reports, the company has been granted a six-month extension by the Indian government for its exploration operations in north-west India. 
</p><p class='TableClas'>The company recently won a licence to explore oil and natural gas in Sri Lanka's Mannar Basin. The blazing crude prices, that have reached a record $137.37 a barrel, further fuelled the stock's rise. </P></p></table>


Cairn India gains on rally in crude oil

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