BSE Sensex rises tracking Asia
The BSE Sensex rose 1 percent early on Friday, tracking Asian peers, with investors awaiting domestic industrial output data for June due at 0530 GMT for cues on possible actions by the central bank. Reuters

The BSE Sensex rose 1 percent early on Friday, tracking firm Asian markets that were boosted by a relatively stable euro, and ahead of the RBI's policy.

State-run explorer ONGC rose 6 percent after a source told Reuters its proposed share sale, valued at $2.5 billion has been deferred due to bad market conditions.

State-run oil firms Hindustan Petroleum Corp Ltd, Bharat Petroleum Corp Ltd and Indian Oil Corp were up between 2-3 percent, after announcing a petrol price increase of nearly 5 percent from Friday.

At 9:17 a.m. (0347 GMT), the 30-share BSE index was up 0.88 percent at 17,020.90 points, after rising more than 1 percent, with 22 of its components rising.

The broader 50-share NSE index was up 0.7 percent at 5,110.15 points.

Bombay Stock Exchange