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)
Trending On Reuters
India plans to pull its tariff regime closer in line with global norms to prepare for new regional trade pacts being negotiated by advanced economies, the government said on Wednesday. Full Article
Weak demand weighs on China factory, services firms in March, more easing seen Full Article