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
- India threatens to derail WTO deal, prompts angry U.S. rebuke
- Facebook says SEC's IPO probe ends, extending WhatsApp closing date
- Israel says ready to extend short Gaza truce; many bodies pulled from rubble
- Russia criticises EU sanctions, raps U.S. over Ukraine role
- UPDATE 4-Russia criticises EU sanctions, raps US over Ukraine role
New Prime Minister Narendra Modi is facing criticism for remaining silent about incidents deemed anti-Muslim in the past week, underscoring fears that his Hindu nationalist followers will upset religious relations in the multi-faith nation. Full Article
Amazon's far-reaching ambitions, lack of profits, unnerve investors Full Article