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

Pricing Controls

REUTERS SHOWCASE

India-China Relations

India-China Relations

India says to defend China border after standoff ahead of Xi visit.  Full Article 

Importing Iron Ore

Importing Iron Ore

As mining curbs bite, India offers market to glut-hit iron ore.  Full Article 

Lower Output

Lower Output

IOC cuts refinery output as rains hit fuel demand - source.  Full Article 

Drug Approval

Drug Approval

Epirus, Ranbaxy win India approval for arthritis drug copy.  Full Article 

Farming and Technology

Farming and Technology

Climate smart farmers get tech savvy to save India's bread basket.  Full Article 

Rajan Speaks

Rajan Speaks

RBI chief Rajan says limiting reliance on foreign debt.  Full Article 

India-Vietnam Ties

India-Vietnam Ties

India tightens Vietnam defence, oil ties ahead of China Xi's visit.  Full Article 

Debt & Equity Deal

Debt & Equity Deal

KKR to lend $175 million to GMR Infrastructure - source.  Full Article 

Preparing for IPO

Preparing for IPO

Alibaba boosts IPO as demand strengthens.  Full Article 

Reuters India Mobile

Reuters India Mobile

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