Indian shares snap five-day losing streak; lenders gain
MUMBAI Dec 14 (Reuters) - Indian shares rose on Friday for the first session in six on Friday as lenders such as ICICI Bank gained after lower-than-expected inflation data reinforced hopes the central bank will start cutting interest rates in January.
ICICI Bank provisionally rose 1.5 percent, while State Bank of India gained 2.8 percent.
The BSE index provisionally gained 0.48 percent, while the 50-share NSE index ended up 0.55 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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The BSE Sensex on Tuesday breached the psychologically key level of 27,000 points for the first time to hit its third consecutive record high as blue-chips such as HDFC Bank gained after recent data raises hopes about the economy. Full Article