BSE, NSE ends in green ahead of GDP data; RIL-ONGC falls

Indian equity markets end in green on Wednesday. BSE Sensex closed at 28,452.17, up 109.16 points, or 0.39%. And, NSE-Nifty ended at 8,786.20, up 41.85 points, or 0.48%. 

On 30-share benchmark, among the top gainers were Larsen & Toubro (2.71%), Hero MotoCorp (2.13%), Tata Motors (1.73%), HDFC Bank (1.46%) and Asian Paints (1.09%). Among losers were Tata Steel (-1.95%), Oil & Natural Gas Corp (-1.92%), Lupin (-1.71%), NTPC (-1.58%) and Tata Consultancy Services (-1.42%).

The shares of Reliance Industries closed at Rs 1058 per piece, down 0.73%, or Rs 7.80.

The shares of Reliance Industries and ONGC plunged after Justice AP Shah report said that "gas has been migrated from ONGC block to RIL". The committee submitted 'comprehensive' report on gas dispute to Oil Miniter Dharmendra Pradhan. 

Pradhan told us that the Ministry will take action by September 30 based on the report. "What will be the size of compensation..will decide after examining the report",Pradhan said.

The committee was set up after ONGC had claimed that RIL has benefitted from gas flow between their adjacent fields in the Krishna-Godavari (KG) basin in 2009-2013.

Further, the Central Statistics Office (CSO) will release India's growth numbers for the first quarter of this financial year later today.