MARKET EYE-Indian shares gain ahead of derivatives expiry

Wed Dec 26, 2012 2:28pm IST

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* The BSE index up 1.03 percent and the NSE index
 is up 0.96 percent, ahead of derivatives expiry. 
* Bank shares leading the gains on hopes of easing liquidity as
the Reserve Bank of India continues with cash injection measures
and on expectations of a rate cut in January. 
* ICICI Bank shares gain 2.32 percent, while State Bank of India
 rises 1.6 percent. 
* Bharat Heavy Electricals shares gain 1.5 percent,
Larsen & Toubro up 2.2 percent after the government
extended interest rate subsidy for some exporters. 
    
*  Reliance Industries shares up 1.2 percent on
reports that a panel appointed by the government to look into
oil and gas exploration contracts had recommended a pricing
formula that could sharply raise the prices of natural gas.
 

 (manoj.dharra@thomsonreuters.com)
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