GAIL hits an acquisition buzz gusher

Dalal Street Spikes

 The counter is said to have moved up on reports that the company is negotiating with Royal Dutch/Shell to buy a 15 per cent stake in an offshore gas block in Egypt.

 GAIL has also been moving up in the last couple of days after the National Stock Exchange decided to add the stock to its list in derivatives trading from September 26, 2003.

 GAIL is said to be India