The NSE Nifty held the 4900 level at 11:07 hours IST, though there was some profit booking at bigger standards.

The NSE Nifty traded up though it relinquished some earnings at 14:19 hours IST.

GAIL India has inked a Gas Sales and Purchase Agreement with Reliance Industries to provide gas from the latter’s oil mines in the KG basin in the eastern offshore.

Punj Lloyd trades up on the Sensex after the company bagged a contract valued at Rs.167.51crore from GAIL.

NTPC has inked a contract to purchase gas from GAIL India for ten years at a delivered cost of nearly $8 per mBtu.

Gujarat Gas Company has declared that GAIL has reinstated standard gas provisions to the firm from the Panna, Mukta and Tapti oilfields.

Market had a range bound session today.

GAIL India presently trades high on the Sensex after the company inked a Gas Sales and Transmission Contract with Rajasthan Rajya Vidyut Utpadan Nigam for provision of natural gas for the latter’s 160 MegaWatt gas power factory at Ramgarh.

GAIL India has slashed the quantity of gas offered to Gujarat Gas Company by nearly 40% following a marine outflow in the Mukta, Tapti and Panna oilfields, which has driven to a close down in crude output from the service.

GAIL India has come up as a lead earner on the Sensex Oil & Gas index. The stock presently trades at Rs.320, which is high with 8.80 points on the Sensex.