MARKET EYE-Indian shares gain ahead of factory data

Wed Dec 12, 2012 9:53am IST

Related Topics

Stocks

   

* The BSE index is up 0.3 percent while the NSE index
 gains 0.22 percent. 
* Gains in line with Asian shares that rose on Wednesday buoyed
by strength in global equities markets, firmer economic
sentiment in Germany and hopes of a deal from U.S. budget
talks. 
* Traders are cautious ahead of India's industrial output data
for October and as Standard & Poor's said on Tuesday,
reiterating its warning that India faces a one-in-three chance
of being downgraded to junk over next 24 months. 
* S&P warning comes on a day when November trade deficit renewed
concerns about the current account deficit, spurring investors
to book profits on Tuesday.
* Tech shares, after falling 5.52 percent this month, 
were leading the gains: Infosys rose 1 percent, Tata
Consultancy Services gains 1.6 percent.     
* Tech Mahindra shares up 4.6 percent after a block
sale of 9.3 million shares, widely seen as coming from BT
, fetched a higher-than-expected price.  
*  Kingfisher Airlines shares were locked at daily
upper limit of 5 percent at 16.35 rupees, a day after the
company said its in talks with Abu Dabhi's Etihad Airways and
other investors about taking stake in company. 

 (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

Literary Giant Dies

Literary Giant Dies

Nobel winner Garcia Marquez, master of magical realism, dies at 87.  Read 

Election 2014

Election 2014

India holds biggest day of voting with BJP gaining strength  Full Article | Full Coverage 

Insider Trading

Insider Trading

Ex-Goldman director Gupta starts prison term on June 17.  Full Article 

Market Eye

Market Eye

Sensex jumps 351 points, snaps 3-day losing streak  Full Article 

Expansion Plans

Expansion Plans

Reliance Industries, HPCL Mittal plan refinery expansions.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Deal Talk

Deal Talk

Piramal to buy 20 percent stake in Shriram Capital for $334 million.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

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