MARKET EYE-India's NSE stock futures breach key 6,000 level

Tue Dec 11, 2012 10:30am IST

Related Topics

* December futures contract for India's 50-share NSE
index crosses the psychologically key level of 6,000
points for the first time since Jan. 7, 2011, extending a rally
after recent reform measures were cleared by parliament. 
* Dealers say the milestone in futures bodes well for the main
NSE index, widely known as Nifty, which has risen 27.8 percent
in 2012 as of Monday's close.
* Passage of banking reforms bill, due to be voted on Tuesday,
and other measures would be key for sustaining the rally that
has seen India outperforming BRICs by a wide margin in 2012 so
far, dealers add.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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

India-Nepal Ties

REUTERS SHOWCASE

Wipro Reaps Profit

Wipro Reaps Profit

Wipro Q1 profit up 30 pct on new contract wins   Full Article 

Monsoon Revives

Monsoon Revives

Monsoon revival keeps rain above average   Full Article 

Tackling Food Prices

Tackling Food Prices

India to free up extra 10 million tonne wheat in open market  Full Article 

Facebook Results

Facebook Results

Facebook beats Wall Street targets, stock hits record high  Full Article 

Struggling Economies

Struggling Economies

Asian economies to struggle on weak export demand - Reuters poll  Full Article 

Mining Roadblock

Mining Roadblock

Coal India's plans for 20 mines hit by land, environment delays  Full Article 

Power Jolt

Power Jolt

UAE's TAQA pulls out of India power plant deal with Jaiprakash  Full Article 

Factory Sector

Factory Sector

China July HSBC flash PMI at 18-month high of 52.0   Full Article 

Reuters India Mobile

Reuters India Mobile

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