MARKET EYE-India's BSE gains; turn slightly positive for Nov

Thu Nov 22, 2012 2:59pm IST

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Stocks

   

* The BSE index gains 0.29 percent, while the NSE index
 advances 0.24 percent, turning slightly positive for the
month.  
* Software services stocks are among the leading gainers
tracking the weakening Indian rupee.
* Infosys gains 1.4 percent, while Wipro 
gains 1 percent.
* Banking stocks also gain 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.
 
* State Bank of India  gains 1.9 percent, recovering
after falling 2.3 percent in November as of Wednesday's close.
Axis Bank gains 2.1 percent.

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