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:
  • Most Popular
  • Most Shared

Coal Sector

REUTERS SHOWCASE

Border Talks

Border Talks

India names Ajit Doval as special envoy for China border talks.  Full Article 

WTO Deal

WTO Deal

U.S. seeks to step up India trade talks  Full Article 

Phone Masts

Phone Masts

American Tower to buy Bharti Nigeria phone masts for $1.1 billion  Full Article 

Plunging Oil Prices

Plunging Oil Prices

Oil price seen falling to $60 if OPEC does not cut output  Full Article 

Shadow Banking

Shadow Banking

Reserve Bank planning more measures for NBFCs.  Full Article 

Auto Sector

Auto Sector

Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets  Full Article 

Raising Money

Raising Money

SpiceJet says in early talks with investors for fresh capital.  Full Article 

Market Eye

Market Eye

Sensex, Nifty rise to record after China, ECB stimulus boosts risk appetite.  Full Article 

Reuters India Mobile

Reuters India Mobile

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