MARKET EYE-Indian shares gain; GDP data eyed

Fri Nov 30, 2012 10:24am IST

Related Topics

Stocks

   

* The BSE index rises 0.35 percent to 19,235.78, while
the NSE index up 0.3 percent at 5,842.60.
* The BSE index touched an intraday high of 19,323.52, is at its
highest level since April 28 2011.    
* Asian shares rose to a nine-month peak on Friday, helped by
firmer global equities overnight, but flows were largely
dictated by month- and year-end position-squaring, with
investors taking profits on the rises and buying on dips.
   
* Investors are now confident that the government is in a
position from where key reforms can pass through in the winter
session of the parliament. Foreign funds net bought shares worth
15.80 billion rupees on Thursday, when the BSE index 
rose 1.75 percent.
* Indian banks have seen a pick-up in demand for credit since
the beginning of the festive season in October, and are
confident of meeting the central bank's projection for the
fiscal year ending in March 2013. 
* ICICI Bank rose 1.5 percent, State Bank of India 
rises 1.5 percent, while mortgage lender HDFC gains
2.3 percent.
* Suzlon Energy Ltd shares up 8 percent, adding 20.1
in last two trading session, after sources told Reuters that
lenders have agreed to restructure about 110 billion rupees
($1.97 billion) of its debt. 
* Traders awaiting September-quarter gross domestic product
data, due to be released at 0530 GMT on Friday, with growth seen
slowing to its lowest in nearly a decade for the year ending in
March. 

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Barack Obama in India

Reuters Showcase

Coal Mining

Coal Mining

India to open coal to commercial mining firms soon, minister says  Full Article 

RBI Loan Rules

RBI Loan Rules

RBI relaxes overseas loan recast rules   Full Article 

E-commerce Firms

E-commerce Firms

Amazon, e-commerce rivals fuel commercial property boom in India  Full Article 

Growth Forecasts

Growth Forecasts

Indian economic growth forecasts pegged back, despite rate cuts: Reuters Poll.  Full Article 

Uber is Back

Uber is Back

Uber back in Delhi; govt says must await approval.  Full Article 

Markets at Record

Markets at Record

Sensex rises to record after ECB stimulus programme.  Full Article 

Pharma Sector

Pharma Sector

Ipca Labs hit by FDA ban on plant for standard violations.  Full Article | Related Story 

Forex Reserves

Forex Reserves

India FX reserves at record high as RBI fortifies defences  Full Article 

QE for Euro Zone

QE for Euro Zone

ECB launches 1 trillion euro rescue plan to revive euro economy.  Full Article 

Reuters India Mobile

Reuters India Mobile

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