MARKET EYE-Indian shares turn positive; key ally to support vote in upper house

Thu Dec 6, 2012 3:19pm IST

Related Topics

* Indian shares turned positive and rose after a key ally of the Congress party decided to support FDI in retail in the upper house of parliament. * The BSE index rose 0.56 percent higher to 19,500 while the NSE index gained 0.55 percent to 5,933. * Bahujan Samaj Party, which had abstained in the lower house, will now support the government's move to allow FDI in retail, which may help tilt the vote in the favour of the government. * The government won the vote in the lower house on Wednesday, but is in minority in the upper house. (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

DIPLOMACY

REUTERS SHOWCASE

Moody's on Inflation

Moody's on Inflation

Persistent inflation hurting India's sovereign ratings - Moody's  Full Article 

Carmichael Project

Carmichael Project

Adani buys Australia coal mine royalty rights from Linc for $145 million  Full Article 

GDP Preview

GDP Preview

Economy likely grew faster in June quarter: Reuters poll.  Full Article 

Monetary Policy

Monetary Policy

BofA says RBI may cut rates by 75-100 bps starting early 2015  Full Article 

Road to IPO

Road to IPO

Mega-IPO to rekindle the 'bromance' behind Alibaba's rise  Full Article 

Reuters India Mobile

Reuters India Mobile

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