MARKET EYE-Indian rate-sensitive stocks gain after WPI data

Fri Dec 14, 2012 12:39pm IST

Related Topics

Stocks

   

* The BSE index is up 0.25 percent while the NSE index
 gains 0.23 percent.
* Gains come after the wholesale price index rose a
slower-than-expected 7.24 percent. 
* Stocks in rate-sensitive sectors such as banks and real estate
are leading the gains on rising hopes the Reserve Bank of India
will move towards easing interest rates starting early next
year. 
* The RBI's next policy review is on Dec. 18. Although the
central bank is not expected to ease policy then, traders said
they could cut the cash reserve ratio or sound more dovish on
inflation.
* ICICI Bank gains 0.6 percent, while State Bank of
India is up 1.7 percent.
* In the real estate sector, DLF is up 1.3 percent
while Unitech gains 0.9 percent.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.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

TCS Results

TCS Results

TCS net profit rises 51.5 percent, sees stronger sales growth.  Full Article | Quote 

Google Results

Google Results

Google Q1 revenue misses Wall Street targets.  Full Article 

Ambitious Aim

Ambitious Aim

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

Sparking Boom

Sparking Boom

BlackBerry: the crash that launched 1,000 start-ups.  Video 

Telecom Sector

Telecom Sector

RComm to raise mobile call tariff by up to 20 percent  Full Article 

Chinese Economy

Chinese Economy

China economic growth slows to 18-month low in first quarter  Full Article 

Breakingviews

Breakingviews

Diageo throws money at Indian empire-building  Full Article 

Reuters India Mobile

Reuters India Mobile

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