MARKET EYE-Indian shares edge higher; pharma stocks gain

Mon Nov 5, 2012 9:55am IST

Related Topics

Stocks

   

* The BSE index up 0.11 percent and the NSE index
 adds 0.13 percent.
* Indian stocks gain despite a fall in Asian shares on Monday
tracking a sell-off in global shares late last week, as
investors continued to shed risk ahead of the closely fought
U.S. presidential election and looked past strong U.S. jobs data
to fragile economic growth prospects worldwide.   
* Shares of Dr. Reddy's Laboratories gain 0.8 percent,
up for a sixth day. India's no. 2 drugmaker posted on Tuesday a
better-than-expected 32 percent rise in quarterly net profit.
 
* Cipla gains 1.8 percent ahead of its quarterly
earnings later in the day.
* Larsen & Toubro gains 0.5 percent on churning in
favour of large cap industrial stocks.

 (abhishek.vishnoi@thomsonreuters.com)
FILED UNDER:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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