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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Microsoft Earnings

Microsoft Earnings

Microsoft sales beat Street hopes, cloud profits up.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

U.S. Economy

U.S. Economy

Spectre of no-inflation world looms over Fed's return to normal  Full Article 

Insider Trading

Insider Trading

Rengan Rajaratnam, SEC to settle civil insider trading charge.  Full Article 

Market Watch

Market Watch

Betting on the beaten up? Investors pin hopes on stocks in Europe, Japan.  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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