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:

REUTERS SHOWCASE

Flying Back on Course

Flying Back on Course

The inside story of the new Airbus A350 jet  Full Article 

Oil Prices

Oil Prices

Oil rebounds above $62, tracking broader markets  Full Article 

Tracking Gold

Tracking Gold

Gold inches higher on weaker dollar, Asian buying  Full Article 

Cyber Attacks

Cyber Attacks

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

World Stocks

World Stocks

Oil and rouble rally into Christmas period  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