MUMBAI Jan 2 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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The government has turned down the military's request to expand the acquisition of 36 fighter planes from Dassault Aviation SA to plug vital gaps, officials said, nudging it to accept an indigenous combat plane 32 years in the making. Full Article