MARKET EYE-Indian shares gain; tech stocks lead

Mon Feb 25, 2013 10:38am IST

Related Topics

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)
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

Public Health

REUTERS SHOWCASE

Airtel Profit Jumps

Airtel Profit Jumps

Bharti Q2 net profit more than doubles   Full Article 

Maruti Earnings

Maruti Earnings

Maruti Suzuki net profit up 29 percent, beats estimates.  Full Article 

ICICI Results

ICICI Results

ICICI Bank Q2 profit up 15 percent, beats estimates.  Full Article 

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Market at Record

Market at Record

Sensex, Nifty hit record highs; reforms outpace hawkish Fed.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

End Of QE

End Of QE

U.S. Fed ends bond buying, exhibits confidence in U.S. recovery.  Full Article 

Samsung Results

Samsung Results

Smartphone woes drag Samsung Elec Q3 profit to more than 3-year low.  Full Article 

Refining Margins

Refining Margins

BPCL aims to double refining margins with refinery expansion.  Full Article 

Reuters India Mobile

Reuters India Mobile

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