Indian shares gain for 6th day; financial stocks lead

MUMBAI Wed Nov 7, 2012 3:41pm IST

Related Topics

Stocks

   

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)

FILED UNDER:

Aviation

REUTERS SHOWCASE

Global Economy

Global Economy

EU leaders agree investment package to boost economy.  Full Article 

Oil Prices

Oil Prices

Brent steady below $60, heads for 4th weekly decline as oversupply persists.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of economy in 2013 by 3.4 percent.  Full Article 

Reuters Exclusive

Reuters Exclusive

Google aiming to go straight into car with next Android – sources.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

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