MARKET EYE-Indian shares gain; parliament hopes boost banks

Thu Nov 22, 2012 10:36am IST

Related Topics

Stocks

   

* The BSE index gains 0.2 percent, while the NSE index
 advances 0.11 percent. 
* Gains also track higher Asian shares after a survey shows
China's manufacturing sector expanded for the first time in 13
months in November. 
* Banking stocks are among the leading gainers on hopes the
winter session of parliament kicking off on Thursday will pass
bills to liberalise the insurance, pension and banking sectors.
* The Indian government's move to allow state-run Life Insurance
Corp (LIC) to triple the maximum stake it can hold in other
companies to 30 percent also helping banks, dealers say.
* The government owns stakes in lenders including SBI and Axis,
reducing potential overhang fears. 
* State Bank of India  gains 1.2 percent, after falling
2.3 percent in November as on Wednesday's close. Axis Bank
 gains 1.6 percent.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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