MARKET EYE-Indian shares rise; rate-sensitive stocks lead

Fri Jan 25, 2013 2:13pm IST

Related Topics

Stocks

   

* The BSE index rises 0.56 percent and the 50-share NSE
index is up 0.47 percent as rate-sensitive stocks lead
the rally ahead of a crucial central bank meeting on Tuesday.
* Although most economists expect the RBI to cut its policy repo
rate by 25 basis points in the policy meeting, a
bigger-than-expected reduction can bolster market sentiments.
* ICICI Bank Ltd gains 1 percent, while State Bank of
India rises 1.5 percent.
* Public sector banks such as Bank of Baroda and Bank
of India rise 4.4 percent and 4.08 percent respectively
as their valuations are cheap compared with private banks.
* Tata Motors shares rise 2.5 percent, recovering form
a 6.3 percent fall on Thursday that had been sparked by concerns
over Jaguar Land Rover unit's EBTIDA margins. 
* Mahindra & Mahindra shares gain 2.2 percent.
* Property shares that benefit from lower rates also gain. DLF
 rises 0.9 percent, while Unitech is up 5
percent after falling 7 percent on Thursday.

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
FILED UNDER:

Reuters Showcase

Uber's Woes

Uber's Woes

Uber, other taxi-hailing apps hit new roadblock in Delhi.  Full Article 

Transfer Pricing

Transfer Pricing

India's Vodafone decision eases tax worries for Shell, others.  Full Article 

Facebook Earnings

Facebook Earnings

Facebook tops Wall Street revenue target in 4th quarter.  Full Article 

Governance Reforms

Governance Reforms

IMF sets June deadline for progress on governance reforms.  Full Article 

Fed's Stance

Fed's Stance

Fed upbeat on U.S. economy, cites strong job gains.  Full Article 

Tumultuous Run

Tumultuous Run

McDonald's CEO Don Thompson leaving.  Full Article 

Samsung Results

Samsung Results

Samsung Elec's smartphone primacy under threat from Apple after weak Q4.  Full Article 

Reuters India Mobile

Reuters India Mobile

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