Do More With Reuters

Indian shares rise 3.3 pct, Reliance Comm jumps

Wed Jul 9, 2008 10:02am IST
 
Email | Print | | Single Page
[-] Text [+]

NEW DELHI, July 9 (Reuters) - India's main stock index rose more than 3 percent early on Wednesday, led by gains in index heavyweights Reliance Industries (RELI.BO: Quote, Profile, Research) and ICICI bank (ICBK.BO: Quote, Profile, Research).

Shares in No. 2 mobile firm Reliance Communications (RLCM.BO: Quote, Profile, Research) jumped 5.6 percent to 438.80 rupees after the deadline for exclusive talks for a tie-up with South Africa's MTN (MTNJ.J: Quote, Profile, Research) ended on Tuesday with no announcement. [ID:nBOM27718].

At 9:56 a.m. (0426 GMT), the 30-share BSE index was up 3.33 percent, or 444.57 points, at 13,794.22 with all its components gaining.

The 50-share NSE index rose 3.27 percent to 4,119. (Reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan)

Photo

Catch the latest news, pictures, stats and live race commentary on our special Formula 1 page.  Full Coverage 

REUTERS POLL

Photo
Is India capable of handling natural disasters?
Yes
No
Can't say
Symbol Bid Ask
BRENT CRUDE $0.00 $0.00
MINI GOLD $798.30 $799.00
MINI SILVER $12.80 $12.83