Indian shares gain for 6th day; financial stocks lead

MUMBAI Wed Nov 7, 2012 3:41pm IST

Related Topics

Stocks

   
Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

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:
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

Asian Markets

Asian Markets

Asian stocks flat after China PMI meets expectations  Full Article 

Chinese Economy

Chinese Economy

Factory activity shrinks for 4th month; pace of decline slows   Full Article 

International Gold

International Gold

Gold hovers near 2-1/2 month lows on firm equities, fund outflows  Full Article 

GM Lawsuit

GM Lawsuit

GM seeks U.S. court protection against ignition lawsuits  Full Article 

Reuters India Mobile

Reuters India Mobile

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