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:

Telecom

Reuters Showcase

Insurance Bill

Insurance Bill

Opposition support bolsters prospects for insurance reforms  Full Article 

SBI Share Sale

SBI Share Sale

SBI's up to $2.4 billion share sale likely by end April - sources   Full Article 

Eicher Share Sale

Eicher Share Sale

Truck maker Volvo sells shares in Eicher Motors  Full Article 

Beef Ban

Beef Ban

After beef ban, Hindu groups force abattoirs to close   Full Article 

Monsoon Season

Monsoon Season

Exclusive - India expects better monsoon rains this year  Full Article 

Services Growth

Services Growth

Services growth at eight-month high in Feb - HSBC PMI  Full Article 

'India's Daughter'

'India's Daughter'

Documentary on 2012 Delhi gang rape banned in India  Full Article 

Capex Slashed

Capex Slashed

Cairn India slashes 2015-16 capex on falling crude   Full Article 

Reuters India Mobile

Reuters India Mobile

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