MARKET EYE-Indian shares up; Tech stocks lead gains

Mon Dec 24, 2012 10:09am IST

Related Topics

Stocks

   

* The BSE index up 0.25 percent and the NSE index
 0.17 percent higher, tracking steady Asian markets.
* Export-driven technology shares leading gains on the back of
short covering as recent underperformance was seen overdone.
* Infosys gains 1.2 percent after falling 5.75 percent
this month as on Friday's close, while Tata Consultancy Services
 up 0.8 percent.
* Shares in State Bank of India gain 0.8 percent on
media reports the government has approved fund infusion of 30.04
billion rupees for the state-run lender. 
* Glenmark Pharmaceuticals shares up 2 percent,
following news the unit entered into a development agreement
with Forest Laboratories, which will make upfront payment of $6
million to the Indian drug maker.    

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:

Reuters Showcase

Markets Weekahead

Markets Weekahead

Focus on sectors which will build India: Ambareesh Baliga.  Full Article 

FMC-SEBI Merger

FMC-SEBI Merger

Regulatory shakeup could revive commodities markets   Full Article 

Tax Incentives

Tax Incentives

Budget woos foreign investors  Full Article 

Excise Duty

Excise Duty

Cigarette makers fall after budget hikes excise duty  Full Article 

Welcoming the Budget

Welcoming the Budget

India Inc cheers corporate tax cut, simpler rules  Full Article 

Gold Price

Gold Price

Gold prices to rise after budget keeps import duty high  Full Article 

Fuel Prices

Fuel Prices

IOC to raise diesel, petrol prices from Sunday  Full Article 

Moody's on Budget

Moody's on Budget

Budget "credit neutral" from a ratings perspective - Moody's   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage