Indian shares gain after U.S. Senate approves 'fiscal cliff' deal

MUMBAI Tue Jan 1, 2013 3:37pm IST

Related Topics

Stocks

   

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)

FILED UNDER:

REUTERS SHOWCASE

2015: India Outlook

2015: India Outlook

India in 2014: A dream run for markets  Full Article 

Funding Woes

Funding Woes

Co-founder of SpiceJet seeks time to finalise rescue  Full Article 

Regulating Airfares

Regulating Airfares

India considers temporary cap on airfares - government official  Full Article 

Flying Back on Course

Flying Back on Course

The inside story of the new Airbus A350 jet  Full Article 

Oil Price Forecast

Oil Price Forecast

Oil prices likely to rebound in second half of 2015: poll  Full Article 

Cyber Attacks

Cyber Attacks

China condemns cyberattacks, but says no proof N.Korea hacked Sony  Full Article 

Connecting Markets

Connecting Markets

China stock connect scheme scorecard throws up surprises  Full Article 

Reuters India Mobile

Reuters India Mobile

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