Mumbai, Jun 19 (IBNS): The BSE Sensex climbed 0.92 percent Tuesday on hopes that India’s beleaguered coalition government would finally take measures to improve the country’s finances such as raising diesel prices.
The 30-share benchmark index ended 153.97 points higher at 16,859.80 with 23 of its components closing in the green.
The broader 50-share National Stock Exchange (NSE) Nifty index ended 0.78 percent or 39.60 points higher at 5,103.85 on Tuesday.
Expectations of diesel price hike boosted stocks of oil companies such as state-run ONGC, Indian Oil, Hindustan Petroleum and Bharat Petroleum while hopes of more policy reforms lifted other blue chip stocks.