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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Videocon d2h IPO

Videocon d2h IPO

Videocon d2h files for up to $113 million IPOs  Full Article 

Asian Economy

Asian Economy

Asian factories slow in Sept, push inflation ever lower  Full Article 

EBay Divests PayPal

EBay Divests PayPal

EBay follows Icahn's advice, plans PayPal spinoff in 2015  Full Article 

New 'Windows'

New 'Windows'

Microsoft names next operating system 'Windows 10'.  Full Article 

Reuters India Mobile

Reuters India Mobile

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