November 22, 2012 / 5:07 AM / 5 years ago

MARKET EYE-Indian shares gain; parliament hopes boost banks

* The BSE index gains 0.2 percent, while the NSE index
 advances 0.11 percent. 
* Gains also track higher Asian shares after a survey shows
China's manufacturing sector expanded for the first time in 13
months in November. 
* Banking stocks are among the leading gainers on hopes the
winter session of parliament kicking off on Thursday will pass
bills to liberalise the insurance, pension and banking sectors.
* The Indian government's move to allow state-run Life Insurance
Corp (LIC) to triple the maximum stake it can hold in other
companies to 30 percent also helping banks, dealers say.
* The government owns stakes in lenders including SBI and Axis,
reducing potential overhang fears. 
* State Bank of India  gains 1.2 percent, after falling
2.3 percent in November as on Wednesday's close. Axis Bank
 gains 1.6 percent.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below