Indian shares gain for 6th day; financial stocks lead
MUMBAI Nov 7 (Reuters) - Indian shares rose for a sixth session on Wednesday, with State Bank of India gaining on hopes of improved asset quality when it reports September quarter results on Friday, while other lenders such as ICICI Bank also rose in anticipation of better loan growth in the holiday season.
Gains also tracked a rally in global shares after U.S. President Barack Obama was re-elected for a second term, signalling no dramatic shift in U.S. economic policy.
State Bank of India provisionally rose 1.7 percent while ICICI Bank ended 1.28 percent higher.
The BSE index provisionally gained 0.4 percent, while the 50-share NSE index ended up 0.54 percent. (Reporting by Abhishek Vishnoi; Editing by Sunil Nair)
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The BSE Sensex on Tuesday breached the psychologically key level of 27,000 points for the first time to hit its third consecutive record high as blue-chips such as HDFC Bank gained after recent data raises hopes about the economy. Full Article