MARKET EYE-Indian shares gain; tech stocks lead

Mon Feb 25, 2013 10:38am IST

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Stocks

   

* The BSE index gains 0.1 percent, rebounding after
hitting its lowest close since Dec. 24, 2012 on Friday. The
50-share NSE index is also up 0.1 percent.
* Infosys Ltd gains 2 percent, while Tata Consultancy
Services Ltd is up 1.3 percent on hopes of incentives
for exporters in the 2013/14 budget to be unveiled on Feb. 28. 
 
* Shares in non-banking financial companies gain on Monday after
the central bank issued guidelines allowing any business sector
to apply for banking licences. 
* Mahindra and Mahindra Financial Services gains 5.6
percent, while IDFC Ltd is up 1.7 percent.
* However, Oil and Natural Gas Corp falls 0.8 percent
on expectations of higher oil subsidy burden from the 2013/14
budget, say dealers. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
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