MARKET EYE-Indian shares gain; banking reforms key focus

Tue Dec 11, 2012 10:13am IST

Related Topics

Stocks

   

* The BSE index is up 0.97 percent while the NSE index
 gains 0.89 percent.
* The Indian government on Tuesday is expected to seek a vote in
the lower house of parliament on easing voting rules of
shareholders in banks to attract foreign investment and
separately, allow the central bank more powers.
* The government on Monday passed a finance bill in the lower
house of parliament which makes recovery of bad loans by banks
easier.
* Dealers are taking positions in state-run banks after the
government's move to push through banking reforms, citing cheap
valuations and hopes of NPA recovery.
* Bank shares leading gains: ICICI Bank is up 2.4
percent, Punjab National Bank gains 1 percent while
Bank of India rises 1.4 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

Everest Tragedy

Everest Tragedy

Search ends for missing on Everest, some Sherpas call for shutdown.  Full Article 

Ukraine Crisis

Ukraine Crisis

Deadly gun attack in eastern Ukraine shakes fragile Geneva accord.  Full Article 

Hamilton Wins

Hamilton Wins

Lewis Hamilton wins Chinese GP in Mercedes one-two.  Full Article 

Monte Carlo Masters

Monte Carlo Masters

Wawrinka beats Federer to win Monte Carlo Masters.  Full Article 

Happy Easter

Happy Easter

Pope presides at Vatican Mass leading Catholics into Easter.  Full Article 

Box Office

Box Office

'Captain America' soars again, tops 'Rio 2' to win U.S. box office.  Full Article 

Bollywood

Bollywood

Movie Review: 2 States.  Full Article 

Reuters India Mobile

Reuters India Mobile

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