MARKET EYE-Indian shares extend gains; financial stocks lead

Wed Nov 7, 2012 2:51pm IST

Related Topics

Stocks

   

* The BSE index up 0.66 percent and the NSE index
 gains 0.51 percent. 
* Shares in State Bank of India rise 2.2 percent on
hopes of better-than-expected results and lower non-performing
loans in the September quarter, with results due on
Friday. 
* Among other financial stocks, ICICI Bank gains 1.4
percent, while Housing Development Finance Corp is up
2.1 percent, on hopes of rising demand for loans in the holiday
season. 
* However, Bharti Airtel falls 1.3 percent, erasing
initial rise of as much as 2.6 percent, as investors factor in a
one-off gain related to a telecom tribunal's judgment boosting
revenue and profit. 

 (abhishek.vishnoi@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

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

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