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

Healthcare Corruption

REUTERS SHOWCASE

Short of Expectations

Short of Expectations

Apple revenue lags Street forecasts  Full Article 

Mircosoft Results

Mircosoft Results

Microsoft revenue rises, profit falls as Nokia absorbed  Full Article 

Deal Talk

Deal Talk

Exclusive - Lupin, U.S. firms weigh bids for GSK's mature drugs: sources  Full Article 

Relief For Sahara

Relief For Sahara

Supreme Court could allow Sahara boss to conduct asset sale talks, company says.  Full Article 

Classifying Banks

Classifying Banks

RBI to start announcing too-big-to-fail banks in Aug 2015  Full Article 

Food Scandal

Food Scandal

Starbucks, Burger King dragged in as China food scandal spreads.  Full Article 

Reuters India Mobile

Reuters India Mobile

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