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:

Reuters Showcase

IS Claim

IS Claim

Islamic State says beheads second Japanese hostage.  Full Article 

Ukraine Crisis

Ukraine Crisis

Death toll mounts in Ukraine fighting after peace talks fail.  Full Article 

Fifth Title

Fifth Title

Djokovic reigns supreme at Australian Open.  Full Article 

Journalist Freed

Journalist Freed

Jailed Al Jazeera journalist Peter Greste leaves Egypt for Australia.  Full Article 

Reuters Poll

Reuters Poll

RBI seen holding rates steady on Tuesday, minority of analysts expect cut.  Full Article 

Doubles Title

Doubles Title

Hingis wins Australian Open mixed doubles title with Paes.  Full Article 

Houston's Daughter

Houston's Daughter

Bobbi Kristina Brown revived after found unresponsive in tub  Full Article 

Supply Glut

Supply Glut

Sugar mills seek govt help to dispose of supply surplus.  Full Article 

Reuters India Mobile

Reuters India Mobile

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