MARKET EYE-Indian shares gain; banks lead

Mon Dec 3, 2012 9:51am IST

Related Topics

* The BSE index rises 0.32 percent to 19,402.38, while
the NSE index up 0.24 percent at 5,894. 
* Asian shares and the euro rose on Monday as further signs of a
stabilising Chinese economy boosted investor risk appetite,
offsetting worries that stagnant U.S. budget talks could
threaten to derail the world's largest economy.    
* Bank shares like ICICI Bank gain after weak GDP data
raised hopes of some monetary easing at the next central bank
meeting on Dec. 18. 
* ICICI Bank gains 0.6 percent while State Bank of India
 is up 1.2 percent.
* Traders closely tracking the vote on foreign investment in
multi-brand retail in parliament and manufacturing PMI for
November for further direction. 
* Morgan Stanley raised India's FY13 GDP growth forecast to 5.4
percent from 5.1 percent, citing better-than-expected GDP growth
for the September quarter and also the stabilization in
non-agriculture growth indicators. 

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

Republic Day

Reuters Showcase

RK Laxman Dead

RK Laxman Dead

'Common Man' cartoonist RK Laxman dead at 93  Full Article 

Banking Revolution

Banking Revolution

India turns to corner shops, mobile phones for banking revolution.  Full Article 

Nuclear Group

Nuclear Group

China urges India to take steps to satisfy standards of NSG  Full Article 

Gold Market

Gold Market

Chinese gold demand holds up ahead of holiday, Indian buying weak  Full Article 

India-U.S. Relations

India-U.S. Relations

Column - U.S. and India should join to balance China's rise  Full Article 

Padma Bhushan

Padma Bhushan

India honours Bill Gates with civilian award  Full Article 

Fashionable Modi

Fashionable Modi

When Modi met Obama, his name was all over - his suit  Full Article 

New Greek PM

New Greek PM

Greek leftist Tsipras sworn in as PM to fight bailout terms  Full Article 

Australian Open

Australian Open

Venus fireworks illuminate Australia Day  Full Article 

Reuters India Mobile

Reuters India Mobile

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