Indian shares gain; Reliance Industries leads
MUMBAI Dec 4 (Reuters) - Indian shares rose on Tuesday, amid a crucial vote in the parliament on foreign direct investment in multi-brand retail, led by gains in Reliance Industries on a report.
The Economic Times earlier reported that the oil ministry is poised to approve the company's investment plans for the KG-D6 block.
Reliance Industries provisionally rose 2.6 percent, while among other gainers ICICI Bank ended 1.3 percent higher on continued hopes of rate easing by the RBI by December end.
The BSE index provisionally gained 0.19 percent, while the 50-share NSE index ended up 0.23 percent. (Reporting by Abhishek Vishnoi; Editing by Anand Basu)
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The BSE Sensex and Nifty rose more than 1 percent on Monday to mark their biggest daily gain in more than one week after the government's energy reforms led to a rally in oil firms, while wins by Prime Minister Narendra Modi's party in two state elections raised expectations for additional reforms. Full Article