MARKET EYE-India's BSE index breaches 20,000, turns flat

Tue Jan 15, 2013 9:36am IST

Related Topics

Stocks

   

* India's benchmark BSE index breached the psychologically
meaningful level of 20,000 for the first time since Jan. 2011,
but retreated below that in later trading.
* Indian shares continue to be supported a day after the
government delayed the implementation of controversial rules on
tax avoidance and lower-than-expected inflation bolstered the
case for cut in interest rates.
* The BSE index is up 0.1 percent at 19,916.37 while the
NSE Index is flat.
* India's Tata Consultancy Services Ltd shares gain 2.7
percent, a day after topping expectations with a 23 percent rise
in October-December profit. 
* Auto makers shares gain on hopes a cut in interest rates will
improve industry demand: Maruti Suzuki India Ltd 
shares gain 0.7 percent, while Mahindra and Mahindra Ltd
 is up 0.3 percent.


 (manoj.dharra@thomsonreuters.com
manoj.dharra.thomsonreuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared
Sensex up over 300 points on energy reform, elections

Sensex up over 300 points on energy reform, elections

The BSE Sensex surges over 300 points and the Nifty gains more than 100 points after the government's energy reforms lead to a rally in energy firms, while wins by Prime Minister Narendra Modi's party in two state elections raise expectations for additional reforms.  Full Article 

REUTERS SHOWCASE

State Elections

State Elections

Modi's BJP makes big gains in state polls.  Full Article 

POSCO Plant

POSCO Plant

India delays decision on iron ore licence for POSCO's $12 bln plant.  Full Article 

HCL Tech Results

HCL Tech Results

Quarterly profit up 32 percent, shares fall   Full Article 

Ebola Vaccine

Ebola Vaccine

GSK says Ebola vaccine development progressing at "unprecedented rate".  Full Article 

Health Check

Health Check

Credibility meets compromise in Europe's bank stress test.  Full Article 

Photo

Legal Reforms

Companies look for more fairness as China eyes legal reforms at key meeting.  Full Article 

Gold Smuggling

Gold Smuggling

With seizures up, Indian gold smuggling loses its shine  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage