Indian shares gain for fifth day; Cipla surges after earnings
MUMBAI Oct 18 (Reuters) - Indian shares rose for a fifth consecutive session on Tuesday, as drug maker Cipla jumped after posting a surge in quarterly earnings, while State Bank of India rose on hopes for rising demand for loans in the holiday season.
Cipla provisionally rose 4.2 percent, while State Bank of India added 1.2 percent.
The BSE index provisionally gained 0.32 percent, while the 50-share NSE index ended up 0.35 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
- Tweet this
- Share this
- Digg this
- In India, rice replaces ice in bucket challenge
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- UPDATE 3-Negative euro overnight rates show cracks in banking system
- India's growth speeds up in after-glow of Modi's triumph
- Indian power station coal stocks lowest since 2012 blackouts
India's economy grew by a faster-than-expected 5.7 percent in the three months through June, its fastest pace in two-and-a- half years, helped by a rebound in manufacturing and mining sectors, government data showed on Friday. Full Article
In race for bigger margins, drug makers willing to lose the India "advantage". Full Article