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)
- Tweet this
- Share this
- Digg this
Scotland has chosen to stay in the United Kingdom, spurning independence in a historic referendum that had worried allies and investors, results showed on Friday with more than two thirds of the vote declared. Full Article
Obama to nominate Indian-American Richard Verma as India ambassador - congressional source. Full Article