MARKET EYE-BSE above 19,000; Goldman Sachs upgrades Indian stocks

Thu Nov 29, 2012 9:58am IST

Related Topics

Stocks

   

* The BSE index rises 0.83 percent, crossing 19,000
points for the first time since Oct. 5, while the NSE index
 gains 0.77 percent. 
* Gains track Asian shares that hit three-week highs on Thursday
as sentiment improved after a senior U.S. lawmaker said he was
"optimistic" on reaching a budget deal before the end of the
year to avoid a fiscal crisis. 
* Traders say Moody's stable outlook on India has eased
potential ratings downgrade worries from S&P and Fitch in the
near term.  
* On Thursday Goldman Sachs upgraded Indian stocks to
'overweight' from 'market-weight', citing growth recovery and
inflation moderation ahead. The investment bank pegged December
2013 Nifty target at 6,600 points. 
* Leading the gains were mortgage lender HDFC, up 2.4
percent; ICICI Bank gains 1.4 percent while Tata
Motors is up 3.17 percent.

 (manoj.dharra@thomsonreuters.com)
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

Press Event

Press Event

Modi takes tea, but no questions, in first press event as PM.  Full Article 

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 

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