Indian shares surge nearly 2 pct after RBI provides dollars to oil firms

MUMBAI Thu Aug 29, 2013 3:37pm IST

Related Topics

Stocks

   

MUMBAI Aug 29 (Reuters) - Indian shares rose nearly 2 percent as blue chip shares including HDFC surged tracking a rebound in the rupee from a record low in the previous session, after the central bank's move to provide dollars directly to oil companies.

Mortgage lender Housing Development Finance Corp Ltd provisionally rose 5.7 percent, while software exporter Tata Consultancy Services Ltd ended 1.2 percent higher after earlier making its all-time high at 1,970 rupees.

The benchmark BSE index provisionally rose 1.7 percent, while the broader NSE index ended 1.8 percent higher after earlier rising as much as 2.7 percent. (Reporting by Abhishek Vishnoi; Editing by Sunil Nair)

FILED UNDER:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Canonisation

Canonisation

Pope declares sainthood of two Indians, four Italians.  Full Article 

Stake Sale Strike

Stake Sale Strike

Coal India trade unions call off strike in victory for Modi.  Full Article 

Markets Weekahead

Markets Weekahead

Ride the bull with a finger on the ejector button.  Full Article 

Arms Purchase

Arms Purchase

India approves $2.6 bln mounted gun purchase - official.  Full Article 

Interview with Bulgari CEO

Interview: Bulgari CEO

Bulgari CEO: we shouldn’t have left India so we’re back  Full Article 

Formula One

Formula One

Hamilton takes second F1 title in style.  Full Article 

Available For Remake

Available For Remake

Bollywood finally wants to pay the price for remakes  Full Article 

Davis Cup

Davis Cup

Vintage Federer seals first Davis Cup for Switzerland.  Full Article 

Movie Review

Movie Review

"Happy Ending" is old wine in an older bottle  Full Article 

Reuters India Mobile

Reuters India Mobile

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