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:

Politics

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Hacking Attack

Hacking Attack

N.Korea says did not hack Sony, wants joint probe with U.S.  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