Drug Safety Settlement
Japanese drugmaker Daiichi Sankyo Co, which bought control of Ranbaxy Laboratories in 2008, said it believes unnamed former shareholders of the company hid information regarding U.S. regulatory probes into Ranbaxy. Full Article
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Indian shares gain; U.S. 'fiscal cliff' deal prompts broad rally
MUMBAI Jan 2 (Reuters) - India's NSE index rose to a two-year high, breaching the key psychological level of 6,000 at one point, after a U.S. deal on its so-called fiscal cliff sparked broad buying, while financial firms extended a recent rally on hopes for a rate cut this month.
Housing Development and Finance Corp provisionally rose 1.7 percent, while ICICI Bank ended up 1.4 percent.
The BSE index provisionally gained 0.6 percent, while the 50-share NSE index rose 0.7 percent after earlier hitting as high as 6,006.05 points. (Reporting by Abhishek Vishnoi; Editing by RafaelNam)
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