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PSE stocks hog limelight

MUMBAI JAN. 16. Led by Hindustan Petroleum Corporation, PSE stocks hogged the limelight and scored handsome gains aiding the Sensex to end 16 points up in an otherwise scrip-specified activity on the Bombay Stock Exchange here today on hectic buying support.

HPCL and a few other PSE stocks rallied smartly on hopes of a favourable decision on divestments in key PSEs, brokers said adding that foreign institutional investors made fairly heavy purchases in HPCL and BPCL.

Bajaj Auto also attracted heavy buying enquiries and scored impressive gains on the company's announcement of a 24 per cent growth in net profit at Rs. 133.90 crores for the third quarter over the corresponding period last year.

The BSE benchmark 30-share index, which was trapped in a narrow range between 3377.27 and 3352.55 after opening marginally up at 3358.47, later closed at 3373.52 against yesterday's close of 3357.69, a net gain of 15.83 points.

In the specified group, 120 including 17 index-based scrips registered gains while 77 others finished with losses.

— PTI

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