MARKET EYE-Indian shares gain for 3rd day; Reliance Ind leads

Wed Feb 20, 2013 10:08am IST

Related Topics

Stocks

   

* The BSE index gains 0.32 percent, while the 50-share
NSE index is up 0.31 percent, heading for a third
consecutive session of gains after hitting 2013 lows on Friday.
* However, traders warn this week's gains are likely driven by
purchases of recently under-performing sectors and may not
sustain ahead of the federal budget.
* Shares in Reliance Industries gain 1.8 percent a day
after the company said it will invest over $5 billion in the
next three to five years with UK partner BP to boost
declining output at a key natural gas field off India's east
coast. 
* DLF shares gain 1.5 percent, extending a recent rally
on continued hopes of an earnings recovery. The property
developer has gained 8.6 percent in the previous two sessions.
* Welspun Corp, however, fell 2.24 percent after
National Stock Exchange excluded the company's shares from
trading in the futures and options segment from April 26,
without giving a reason.

 (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

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

U.S. Economy

U.S. Economy

Spectre of no-inflation world looms over Fed's return to normal  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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