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

MUMBAI Thu Aug 29, 2013 3:37pm IST

Related Topics

Stocks

   
Polluted waters of China

Polluted waters of China

Growing cities, overuse of fertilizers, and factory wastewater have degraded China's water supplies to the extent that half the nation's rivers and lakes are severely polluted.  Slideshow 

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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Top News

REUTERS SHOWCASE

Kerry's India Visit

Kerry's India Visit

Kerry presses India on WTO deal ahead of arrival  Full Article 

Big Infra Deal

Big Infra Deal

Piramal, Dutch APG tie up for $1 bln infra investment  Full Article 

E-Commerce

E-Commerce

Amazon says to invest $2 billion more in India   Full Article 

Lupin Results

Lupin Results

Q1 net profit up 56 percent on higher U.S. drug sales   Full Article 

L&T Slumps

L&T Slumps

L&T earnings raise 'multiple red flags' - Citi  Full Article 

Twitter Results

Twitter Results

Twitter assuages growth concerns for now as shares soar 35 percent  Full Article 

Auto Sector

Auto Sector

VW closes in on Toyota as global auto leader  Full Article 

Fed Meeting

Fed Meeting

Fed seen trimming bond buys, could offer vague rate clues  Full Article 

Gaza Conflict

Gaza Conflict

Israel strikes house of Hamas Gaza leader, digs in for long fight.  Full Article 

Reuters India Mobile

Reuters India Mobile

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