Indian shares gain; U.S. 'fiscal cliff' deal prompts broad rally

MUMBAI Wed Jan 2, 2013 3:38pm IST

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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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