MUMBAI, May 22 - Indian shares rose around 0.5 percent to a five-week closing high, tracking higher Asian markets as weak U.S. economic data bolstered expectations that a U.S. interest rate hike would come only later in the year.
MUMBAI, May 22 - Indian shares rose about 0.5 percent to a four-week high on Friday after State Bank of India reported a lower-than-expected bad loan ratio and a sharp increase in profits, raising optimism about the banking sector.
** India's ITC gains as much as 1.8 pct ahead of Jan-March earnings results later in the day ** StarMine estimates show consensus net profit forecast of 25.19 bln rupees ($396 mln), a 10.6 pct increase yoy ** HDFC Securities says ITC revenue likely to grow by 5 pct to 97.40 bln rupees yoy driven by paper and cigarette segment ** ITC shares down nearly 10 pct ytd; outlook hit by govt excise duty hike announced in February ($1 = 63.6000 Indian rupees) (Reuters Messaging: rafael
** India's Oil and Natural Gas Corp up 1 pct, GAIL (India) up 0.6 pct ** India's oil ministry plans to exempt companies from giving any discount on crude and refined fuel sales if oil prices average up to $60 a barrel this quarter ** Global oil prices currently hovering at about $66 a barrel (Reuters Messaging: firstname.lastname@example.org)
** State Bank of India up as much as 3.2 pct ahead of Jan-March results
May 22 - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
MUMBAI, May 21 - Indian stock market was little changed on Thursday and became the third best performing in Asia Pacific so far this month amid resumption of buying by foreign investors, while forecast of a timely monsoon stoking rate-cut hopes continued to support sentiment.
** IRB Infrastructure Developers seen rising after bagging key road BOT project
** Results are not as bad as the headline numbers suggest and volume guidance is ahead of expectations - Analysts
** Citi sets June 2016 target for India's BSE index at 35,000
Nifty Most Actives
MUMBAI - Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in Maharashtra, to hold his daughter's wedding in May. This bride was lucky because many other weddings will likely be postponed - to the dismay of the country's jewellers.