MARKET EYE-Indian shares up on hopes of a favourable FDI vote

Wed Dec 5, 2012 2:11pm IST

Related Topics

Stocks

   

* The BSE index up 0.35 percent at 19,416.51 and the
NSE index gains 0.24 percent to 5,903.85, keeping gains 
before lawmakers vote on government move to allow FDI in retail.
* State Bank of India shares up 1.66 percent. Diwakar
Gupta, managing director and chief financial officer at SBI told
reporters on Wednesday that the Indian government is looking to
infuse 40 billion rupees ($732 million) in the bank.
 
* Tata Motors shares rose 2.3 percent, buoyed by a Morgan
Stanley report which maintained its 'overweight' rating and is
optimistic of a strong rebound in sales in Jan-March quarter.
 
* Property developer DLF Ltd shares up 3 percent on
hopes of strong pick up in new launches in the second half of
FY13 on the back of favourable product-mix skewed towards
premium/luxury segment or plotted development, dealers say.
* Traders say mid-cap and small cap indexes continue to
outperform the benchmark, in a sign of structural bullishness.  
  

 (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

Economic Pulse

REUTERS SHOWCASE

Apple Result

Apple Result

Apple's iPhone sales beat Street but iPad volumes slide.  Full Article 

Nadella's Paycheck

Nadella's Paycheck

New Microsoft CEO Nadella's pay tops $80 mln with big stock awards.  Full Article 

Deregulation Impact

Deregulation Impact

Private fuel retailers to dip toe, not dive back, into India  Full Article 

Airport Accident

Airport Accident

Total CEO de Margerie killed in Moscow plane accident - airport spokeswoman.  Full Article 

Gold Import

Gold Import

RBI will not change gold import rules - sources  Full Article 

Idea Results

Idea Results

Idea Cellular Q2 profit up 69 percent  Full Article 

An RBI First

An RBI First

RBI releases minutes of financial stability council's Aug meet  Full Article 

IBM Earnings

IBM Earnings

IBM ditches 2015 operating EPS target, shares slump 7 pct  Full Article 

Reuters India Mobile

Reuters India Mobile

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