MARKET EYE-Indian shares up on positive global cues
* The BSE index up 1.19 percent and the NSE index adds 1.11 percent. * Indian shares extend gains after European shares advanced tracking gains in Asia, although many investors are unlikely to commit to buying large, new positions before U.S. jobs data later in the day. * Recent blue-chip underperformers leading the gain; ITC up 2.4 percent after falling 2.3 percent this week as on Thursday close, while Larsen & Toubro gains 2.63 percent after falling 4.6 percent during the same period. * ICICI Bank gains 1.75 percent after falling 1.95 percent this week. * Union Bank of India shares jump 7 percent after the state-run bank reported improvement in its asset quality in the September quarter. Net NPAs at 2.06 percent versus 2.2 percent in the April-June quarter. (firstname.lastname@example.org)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
Trending On Reuters
The government is set to sell a stake of up to 10 percent in state-owned miner Coal India on Friday as it seeks to reignite an asset sale programme critical to the pledge to hit fiscal deficit targets by the end of March. Full Article