Indian shares edge higher; Reliance, ICICI Bank lead
MUMBAI Jan 30 (Reuters) - Indian shares posted slight gains on Wednesday as Reliance Industries Ltd recovered from a four-session losing streak, while ICICI Bank Ltd rose a day ahead of its quarterly earnings results.
Still, sentiment remained weak after India's central bank disappointed investors by staying cautious on future monetary easing.
Reliance Industries provisionally closed up 1.9 percent, while ICICI Bank ended up 0.4 percent.
The BSE index provisionally gained 0.06 percent, while the 50-share NSE index ended up 0.09 percent. (Reporting by Abhishek Vishnoi; Editing by Jijo Jacob and Rafael Nam)
- Tweet this
- Share this
- Digg this
- Two killed, four wounded in Washington state school shooting
- Google's Pichai to oversee major products and services
- Wall St. finally turning on Amazon as Bezos magic fades
- Reuters Poll - India's growth pace to pick up as reforms draw investment
- WHO says Ebola vaccine plans accelerating as trials advance
Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the Reserve Bank of India (RBI) has signalled it will not ease policy until it is confident of lower inflation. Full Article
Euro zone risks "relapse into recession" without structural reforms - Draghi. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article