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MARKET EYE-Indian shares extend gains; financial stocks lead
November 7, 2012 / 9:23 AM / 5 years ago

MARKET EYE-Indian shares extend gains; financial stocks lead

* The BSE index up 0.66 percent and the NSE index
 gains 0.51 percent. 
* Shares in State Bank of India rise 2.2 percent on
hopes of better-than-expected results and lower non-performing
loans in the September quarter, with results due on
Friday. 
* Among other financial stocks, ICICI Bank gains 1.4
percent, while Housing Development Finance Corp is up
2.1 percent, on hopes of rising demand for loans in the holiday
season. 
* However, Bharti Airtel falls 1.3 percent, erasing
initial rise of as much as 2.6 percent, as investors factor in a
one-off gain related to a telecom tribunal's judgment boosting
revenue and profit. 

 (abhishek.vishnoi@thomsonreuters.com)

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