MARKET EYE-Indian financials gain on hopes for banking bill

Wed Dec 12, 2012 2:03pm IST

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Stocks

   

* Shares of non-banking financial companies gain on hopes
parliament will pass the banking amendment bill after Finance
Minister P. Chidambaram says the government has reached an
agreement with the opposition. 
* The bill would set the regulations required to open up the
lending sector to outside companies.
* Companies that investors believe will be among the first to
obtain a license gain strongly: L&T Finance Holdings 
gains 4.9 percent, Mahindra & Mahindra Financial Services
 gains 3.8 percent, while Reliance Capital is
up 4.5 percent.

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