BSE Sensex gains ahead of budget
Reuters Market Eye - The BSE Sensex gains 0.62 percent, while the 50-share Nifty is also up 0.57 percent.
Reliance Industries (RELI.NS) gains 0.6 percent, while Oil and Natural Gas Corp (ONGC.NS) 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 (INFY.NS) up 0.7 percent on expectations the budget would provide incentives to exporters.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
India has capped the prices of 36 drugs, including those used to treat infections and diabetes, in its latest move to make essential medicines more affordable, a senior official of the country's drug pricing authority told Reuters on Friday. Full Article
Top rice exporter India importing over 100,000 T on temporary supply squeeze. Full Article