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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Investors in India's markets are betting that Finance Minister Arun Jaitley will persuade a more hawkish central bank to reduce benchmark interest rates as early as next week. Full Article