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

Earnings Season

Earnings Season

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

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  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 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Pollution Levels

Pollution Levels

Delhi braces for worst air quality this Diwali week.  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