MARKET EYE-Indian financials gain on hopes for banking bill

Wed Dec 12, 2012 2:03pm IST

Related Topics

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)
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

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

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