MARKET EYE-Indian shares gain ahead of federal budget

Thu Feb 28, 2013 10:15am IST

Related Topics

Stocks

   

* The BSE index gains 0.62 percent, while the 50-share
NSE index is also up 0.57 percent.
* Reliance Industries gains 0.6 percent, while Oil and
Natural Gas Corp is up 1.7 percent, on hopes of a
favourable federal budget.
* Gains also track positive Asian shares and other risk assets
as sentiment improved after U.S. Federal Reserve Chairman Ben
Bernanke reaffirmed his commitment to strong stimulus.
  
* Technology shares gain, Infosys Ltd up 0.7 percent
on expectations the budget would provide incentives to
exporters.

 (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

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

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