December 5, 2012 / 10:08 AM / 5 years ago

Indian shares end higher; retailers gain

MUMBAI, Dec 5 (Reuters) - Indian shares gained on Wednesday
on hopes the government will muster a majority in parliament in
a crucial vote on foreign direct investment in multi-brand
retail later in the day. 
    Shoppers Stop rose 6.9 percent, Pantaloon Retail
 closed 4.06 percent higher, rallying on hopes of a
favourable outcome in Parliament.
    Bank shares such as State Bank of India gained 1.6
percent after a senior executive said the Indian government is
likely to infuse $732 million in the bank.    
    The BSE index provisionally rose 0.31 percent, and 
the NSE index added 0.3 percent.

 (Reporting by Manoj Dharra; Editing by Prateek Chatterjee)

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