Indian Oil flares up on FII buying

Dalal Street Spikes

 More than 12.01 lakh shares were traded on theBSE. The counter is said to have moved up on good buying support, especially from foreign institutional investors (FII), according to market sources.

 FIIs are said to be accumulating the stock in the last few trading sessions. There is also rumours that the Centre may sell part of its stake in IOC besides expectations of huge dividends from oil sector companies.

 The government