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MARKET EYE-India's NSE stock futures breach key 6,000 level
December 11, 2012 / 5:02 AM / in 5 years

MARKET EYE-India's NSE stock futures breach key 6,000 level

* December futures contract for India's 50-share NSE
index crosses the psychologically key level of 6,000
points for the first time since Jan. 7, 2011, extending a rally
after recent reform measures were cleared by parliament. 
* Dealers say the milestone in futures bodes well for the main
NSE index, widely known as Nifty, which has risen 27.8 percent
in 2012 as of Monday's close.
* Passage of banking reforms bill, due to be voted on Tuesday,
and other measures would be key for sustaining the rally that
has seen India outperforming BRICs by a wide margin in 2012 so
far, dealers add.

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

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