Indian shares gain; bank bill hopes outweigh RBI disappointment
MUMBAI Dec 18 (Reuters) - Indian shares rose on Tuesday led by lenders such as State Bank of India, as hopes parliament will pass the banking amendment bill outweighed disappointment after the Reserve Bank of India kept interest rates and the cash reserve ratio unchanged.
State Bank of India provisionally rose 0.94 percent, after falling as much as 2.8 percent earlier in the day, while ICICI Bank ended up 0.4 percent.
The BSE index provisionally gained 0.60 percent, while the 50-share NSE index ended up 0.61 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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The BSE Sensex rose more than 1 percent on Thursday to its highest close in a month as stocks of blue chip companies such as ICICI Bank surged after exit polls predicted a strong showing for the key opposition party in state elections held recently. Full Article