MARKET EYE-Indian shares extend gains; financials lead

Wed Jan 2, 2013 1:49pm IST

Related Topics

Stocks

   

* The BSE index is 0.78 percent higher after rising to
its highest intraday level since April 2011, while the NSE index
 is up 0.82 percent, breaching the key psychological
level of 6,000 for the first time in two years. 
* The U.S. House of Representatives approved a deal on the
so-called fiscal cliff, sparking broad-based buying.
 
* Financial shares lead the gainers as hopes of a January rate
cut gather steam. 
* Housing Development and Finance Corp is up 1.6
percent, while ICICI Bank gains 1.1 percent. 
* Consumer stocks such as ITC fall as traders track a
global 'risk-on' mood. ITC is down 0.2 percent, while Hindustan
Unilever is flat. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-Nepal Ties

REUTERS SHOWCASE

Wipro Reaps Profit

Wipro Reaps Profit

Wipro Q1 profit up 30 pct on new contract wins   Full Article 

Monsoon Revives

Monsoon Revives

Monsoon revival keeps rain above average   Full Article 

Tackling Food Prices

Tackling Food Prices

India to free up extra 10 million tonne wheat in open market  Full Article 

Facebook Results

Facebook Results

Facebook beats Wall Street targets, stock hits record high  Full Article 

Struggling Economies

Struggling Economies

Asian economies to struggle on weak export demand - Reuters poll  Full Article 

Mining Roadblock

Mining Roadblock

Coal India's plans for 20 mines hit by land, environment delays  Full Article 

Power Jolt

Power Jolt

UAE's TAQA pulls out of India power plant deal with Jaiprakash  Full Article 

Factory Sector

Factory Sector

China July HSBC flash PMI at 18-month high of 52.0   Full Article 

Reuters India Mobile

Reuters India Mobile

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