MARKET EYE-Indian shares up; banks lead

Fri Nov 2, 2012 10:16am IST

Related Topics

Stocks

   

* The BSE index up 0.86 percent and the NSE index
 adds 0.84 percent.
* Domestic market gains in line with Asian shares that advanced
with returning risk appetite on Friday as data suggested some
stabilisation in the global recovery trend, particularly in the
United States and China. 
* Bank shares gain after they had underperformed the NSE index
in recent days on concerns over provisioning against
restructured assets.  
* ICICI Bank rises 1.43 percent, and the State Bank of
India up 0.9 percent.    
* Wipro Ltd. shares up 1 percent after reporting a 24
percent rise in September quarter profit at 16.11 billion
rupees, beating estimates 
* Power Grid shares rose 0.9 percent a day after it
said September quarter net profit rose 59 percent to 11.26
billion. 

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Trade Deal

REUTERS SHOWCASE

Bullish on Equities

Bullish on Equities

Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs  Full Article 

Streamlining Operations

Jet Streamlines

Jet Airways chairman says looking to restructure debts, talking to bankers  Full Article 

Political Economy

Political Economy

Analysis - Watch what markets don't do as world politics turns nasty   Full Article 

Photo

Honda's India Thrust

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec   Full Article 

Short of Expectations

Short of Expectations

Apple revenue lags Street's view despite strong China growth  Full Article 

 Boosting Output

Boosting Output

NMDC plans to boost iron ore output by two-thirds  Full Article 

Apple Results

Apple Results

Apple margin concerns fade, focus shifts to iPhone launch  Full Article 

Photo

Food Scandal

Five held in China food scandal probe, including head of Shanghai Husi Food   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage