December 17, 2012 / 4:33 AM / in 5 years

MARKET EYE-Indian shares edge higher; rate-sensitive stocks lead

1 Min Read

* The BSE index is up 0.14 percent while the NSE index
 gains 0.23 percent.  
* Interest-rate sensitive stocks gain ahead of Reserve Bank of
India's policy review on Tuesday: ICICI Bank is up 1
percent, while Maruti Suzuki gains 2 percent.
* Although the central bank is not expected to ease policy then,
traders said the central bank could cut the cash reserve ratio
or sound more dovish on inflation.    
* Hopes parliament will approve the Banking Amendment bill this
week also seen helping shares: Union Bank of India 
rises 1.5 percent, while Bank of India is up 1.1
percent.  

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

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