MUMBAI Dec 4 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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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article