MARKET EYE-Indian shares gain; tech stocks lead

Mon Feb 25, 2013 10:38am IST

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Coal Mining In The Punjab

Coal Mining In The Punjab

In Choa Saidan Shah miners dig coal with crude pick axes and load it onto donkeys to be transported to the surface earning a team of 4 workers around $10 to be split between them.  Slideshow 

* 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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