India's NSE index breaches 6,000 for 1st time since Jan 2011

MUMBAI Wed Jan 2, 2013 11:29am IST

Related Topics

Stocks

   

MUMBAI Jan 2 (Reuters) - India's NSE stock index rose 0.8 percent on Wednesday to breach the 6,000 mark for the first time in two years after the U.S. House of Representatives approved a deal on the so-called fiscal cliff, sparking broad-based buying.

Banking shares led the gainers as hopes of a January rate cut gathered steam. ICICI Bank rose 0.9 percent, while State Bank of India rose 1.3 percent.

The 50-stock NSE index was up 0.8 percent as of 0553 GMT, after earlier rising to as high as 6,000.50 points, trading above that key psychological level for the first time since Jan. 7, 2011.

The benchmark 30-stock BSE index rose 0.79 percent. (Reporting by Abhishek Vishnoi; Editing by Sunil Nair)

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

REUTERS SHOWCASE

Earnings Season

Earnings Season

Reliance Q4 sales rise, refining margin narrows.  Read 

Innovative Solution

Innovative Solution

Turning smog into jewels - a Dutch designer's solution to Beijing's pollution.  Video 

Insider Trading

Insider Trading

Rajaratnam's brother loses bid to dismiss insider trading charges.  Full Article 

Literary Giant Dies

Literary Giant Dies

Mourning and memories in Gabriel Garcia Marquez's languid hometown.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

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