MARKET EYE-Indian shares gain; banks, Bharti Airtel leads

Wed Nov 7, 2012 10:08am IST

Related Topics

Stocks

   

* The BSE index up 0.55 percent and the NSE index
 gains 0.51 percent.
* Banking stocks such as ICICI Bank gain on hopes of
rising demand for loans in the holiday season.
* ICICI bank gains 1.2 percent, while the State Bank of India
 is up 1.1 percent.
* Bharti Airtel gains 0.7 percent after reporting
margins slightly better than analysts' expectations, dealers
say.
* Bharti said consolidated net profit fell 29.8 percent to 7.21
billion rupees ($132.5 million)for its fiscal second quarter
ended September from 10.27 billion rupees a year earlier.
 
* However, shares in Tata Power Co Ltd fell 1.03
percent after posting a surprise second-quarter loss on Tuesday,
hit by higher finance and depreciation costs at its power
projects and lower revenue from its coal units. 

 (abhishek.vishnoi@thomsonreuters.com)
FILED UNDER:

REUTERS SHOWCASE

2015: India Outlook

2015: India Outlook

India in 2014: A dream run for markets.  Full Article 

Funding Woes

Funding Woes

Co-founder of SpiceJet seeks time to finalise rescue.  Full Article 

Flying Back on Course

Flying Back on Course

The inside story of the new Airbus A350 jet.  Full Article 

Oil Price Forecast

Oil Price Forecast

Oil prices likely to rebound in second half of 2015: poll  Full Article 

Deal Talk

Deal Talk

China's private sector suitors to drive Asian M&A deals in 2015.  Full Article 

Property Tycoon

Property Tycoon

Wang Jianlin, China's property tycoon, finds golden path to billions.  Full Article 

Cybersecurity

Cybersecurity

Internet outage seen in N. Korea amid U.S. hacking dispute.  Full Article 

Reuters India Mobile

Reuters India Mobile

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