MARKET EYE-Indian shares gain; financials lead

Wed Dec 19, 2012 10:00am IST

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* The BSE index is up 0.64 percent and the NSE index
 rises 0.56 percent. 
* Shares in non-banking financial companies such as Shriram
Transport Finance Company rose a day after a banking
bill laying the groundwork for the issuance of new bank licenses
was approved by parliament. 
* Shriram Transport Finance gains 2 percent while Mahindra &
Mahindra Financial Services is up 1.9 percent.
* Banking shares also gain, with State Bank of India up
1 percent and Bank of India rising 1.1 percent.
* The bill also seeks to draw foreign investment to the banking
sector by increasing shareholders' voting rights.
  

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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