MARKET EYE-Indian shares gain; banks lead
* 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. (email@example.com /; firstname.lastname@example.org)
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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.
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U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies. Full Article | Slideshow