Both the countries have increased prices of gas recently.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
Pakistan's demand for gas stands at 8 billion cubic feet while the current production is 4 billion cubic feet.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
Five of the 12 BSE sectoral indices ended at 52-week highs; the oil and gas index zoomed by nearly 5%.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
Reason behind for the change in his stance: gas price increase.
Oil Minister Dharmendra Pradhan had last month told the Parliament that his Ministry has disallowed RIL from recovering $2.376 billion invested to develop offshore Krishna Godavari gas fields as output has fallen drastically and was way below the promised volumes in past four years.
Moving from pricing control to a free market means stiff competition.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
Investors booked profits at higher levels despite the growth oriented Budget.
Dabhol's assets will be demerged into the power plant and the LNG terminal.
The entire selection process of the IOC chairman was shrouded in mediocrity and mystery.
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