MARKET EYE-SBI, others gain on capital infusion reports

Mon Dec 3, 2012 3:22pm IST

Related Topics

Stocks

   

* Shares in some state-run lenders including State Bank of India
 outperform the benchmark bank index after
news channels report that the government will take a decision on
capital infusion this week, dealers say.
* In November, Finance Minister P. Chidambaram said the combined
injection of capital will not exceed the 150 billion rupees
($2.73 billion) provisioned in the budget for the fiscal year
ending in March 2013. 
* Lenders likely to get capital rise: State Bank of India rose
1.5 percent, Indian Overseas Bank was 3.3 percent up
while Central Bank of India gained 2.5 percent. The
Bank Nifty was down 0.49 percent.

 (manoj.dharra@thomsonreuters.com)
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

Earnings Season

Earnings Season

Reliance Q4 sales rise, refining margin narrows.  Read 

Innovative Solution

Innovative Solution

Turning smog into jewels - a Dutch designer's solution to Beijing's pollution.  Video 

Insider Trading

Insider Trading

Rajaratnam's brother loses bid to dismiss insider trading charges.  Full Article 

Literary Giant Dies

Literary Giant Dies

Mourning and memories in Gabriel Garcia Marquez's languid hometown.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

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