Indian shares gain after U.S. Senate approves 'fiscal cliff' deal
MUMBAI Jan 1 (Reuters) - Indian shares rose on Tuesday, after the U.S. averted the looming 'fiscal cliff' in a last-minute deal, with hopes of a rate cut by the Reserve Bank of India beginning to gather steam, leading to gains in bank shares.
ICICI Bank provisionally rose 1.9 percent, while State Bank of India ended 1.7 percent higher.
The BSE index provisionally gained 0.79 percent, while the 50-share NSE index ended up 0.77 percent.
Most major global markets were closed for the New Year holiday. (Reporting by Abhishek Vishnoi)
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India could run out of a critical medicine in its free HIV/AIDS drugs programme in three weeks due to bureaucratic bungling, a senior government official said, leaving more than 150,000 sufferers without life-saving drugs for about a month. Full Article