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

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