MUMBAI Dec 18 Indian shares rose on Tuesday led by lenders such as State Bank of India, as hopes parliament will pass the banking amendment bill outweighed disappointment after the Reserve Bank of India kept interest rates and the cash reserve ratio unchanged.
State Bank of India provisionally rose 0.94 percent, after falling as much as 2.8 percent earlier in the day, while ICICI Bank ended up 0.4 percent.
The BSE index provisionally gained 0.60 percent, while the 50-share NSE index ended up 0.61 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
Trending On Reuters
What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read