Sensex edges up to new 2-year high; oil stocks gain
Sensex edges up to new 2-year high; oil stocks gain
The BSE index provisionally gained 0.02 per cent, while the 50-share NSE index ended up 0.11 per cent, both marking their highest closes since January 2011.

Mumbai: The BSE Sensex edged higher on Friday to touch two-year high as oil companies such as ONGC rose on hopes a proposed change in the government's pricing formulas would boost gas prices, while IT stocks rose on expectations for a better 2013.

Oil and Natural Gas Corp Ltd provisionally rose 1.3 per cent, while Hindustan Petroleum Corp Ltd jumped 5 per cent.

Tata Consultancy Services Ltd rose 1.4 per cent.

The BSE index provisionally gained 0.02 per cent, while the 50-share NSE index ended up 0.11 per cent, both marking their highest closes since January 2011.

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