Indian shares snap 8 day losing streak; ONGC, Tata Motors gains
MUMBAI Feb 12 (Reuters) - India's benchmark index rose on Tuesday, ending an eight session losing streak that had marked its longest since May 2011, as ONGC gained after quarterly earnings beat estimates, while Tata Motors rose ahead of its own results later this week.
Oil and Natural Gas Corp Ltd provisionally rose 3.6 percent, while Tata Motors Ltd ended up 2.5 percent higher ahead of earnings due on Thursday.
The BSE index provisionally gained 0.54 percent, ending an eight session losing streak that had marked its longest period of consecutive declines since May 2011.
The 50-share NSE index ended up 0.45 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Modi slams whispering campaign against Rajnath Singh
- Insight - Islamic State turns radical Islam on Syria Muslims
- Sensex, Nifty mark record closing high on Euro zone stimulus talk
- How Pakistan's Sharif stumbled into protests crisis
COAL BLOCK ALLOCATIONS
A Supreme Court ruling this week that India's decades-old method of granting coal mining concessions is illegal could herald much-needed reforms in a sector long dogged by the inability of state-run Coal India to raise output fast enough. Read
Kleiner to invest in messaging startup Snapchat at near-$10 bln valuation - report. Full Article