Bernanke says more progress needed before stimulus pullback
The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Indian shares edge up to new 2-yr highs; oil, IT stocks gain
 |
Aishwarya at Cannes
Aishwarya Rai Bachchan marks 12 years at the Cannes Film Festival. Here is how she looked over the years. Slideshow
MUMBAI |
MUMBAI Jan 4(Reuters) - Indian shares edged higher on Friday to touch two-year highs as oil companies such as ONGC rose on hopes a proposed change in the government's pricing formulas would boost gas prices, while IT stocks rose on expectations for a better 2013.
Oil and Natural Gas Corp Ltd provisionally rose 1.3 percent, while Hindustan Petroleum Corp Ltd jumped 5 percent.
Tata Consultancy Services Ltd rose 1.4 percent.
The BSE index provisionally gained 0.02 percent, while the 50-share NSE index ended up 0.11 percent, both marking their highest closes since January 2011. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters