January 2, 2013 / 5:12 AM / 5 years ago

MARKET EYE-Indian shares gain; US 'fiscal cliff' bill passed

1 Min Read

* The BSE index gains 0.63 percent after rising to its
highest intraday level since April 2011, while the NSE index
 is up 0.64 percent.
* The NSE is close to breaching the 6,000 mark for the first
time since Jan. 7, 2011. 
* The U.S. House of Representatives approved a deal on the
so-called fiscal cliff, sparking broad-based buying.
 
* Banking shares lead gainers as hopes for a January rate cut
gathered steam. ICICI Bank gains 1.1 percent while
State Bank of India is up 1.3 percent.

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

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