MARKET EYE-Indian shares up; rate sensitives gain

Thu Nov 29, 2012 1:39pm IST

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Stocks

   

* The BSE index rises 1.24 percent to 19,074.40, while
the NSE index up 1.15 percent at 5,793.15.
* Both indexes are heading towards 19-month highs after the
Indian government agreed on Thursday to a vote on its decision
to let foreign supermarkets set up shop in India, taking a major
step towards ending a deadlock that has paralysed parliament for
days. 
* Goldman Sachs upgraded Indian stocks to 'overweight' from
'market-weight', citing relatively strong growth recovery and
inflation moderation ahead. 
* HDFC up 2.5 percent, ICICI Bank rises 2.2
percent and Tata Motors up 4.6 percent, leading the
gains.
* Real estate developers are also higher: DLF up 1.9
percent while Unitech higher 5.4 percent.

 (manoj.dharra@thomsonreuters.com)
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