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:

REUTERS SHOWCASE

2015: India Outlook

2015: India Outlook

India in 2014: A dream run for markets  Full Article 

Funding Woes

Funding Woes

Co-founder of SpiceJet seeks time to finalise rescue  Full Article 

Regulating Airfares

Regulating Airfares

India considers temporary cap on airfares - government official  Full Article 

Flying Back on Course

Flying Back on Course

The inside story of the new Airbus A350 jet  Full Article 

Oil Price Forecast

Oil Price Forecast

Oil prices likely to rebound in second half of 2015: poll  Full Article 

Cyber Attacks

Cyber Attacks

China condemns cyberattacks, but says no proof N.Korea hacked Sony  Full Article 

Connecting Markets

Connecting Markets

China stock connect scheme scorecard throws up surprises  Full Article 

Reuters India Mobile

Reuters India Mobile

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