Feb 17 Indian shares rose about 1.5 percent on Friday, heading for their fourth straight weekly gain, driven by financials after the central bank allowed foreign investors to resume buying in HDFC Bank Ltd.
** India's NSE index to add refiner Indian Oil Corp Ltd and lender Indiabulls Housing Finance Ltd as new constituents from March 31
** Shares of HDFC Bank Ltd gain as much as 9.5 pct to a record high of 1,454 rupees
** Shares of Cadila Healthcare Ltd surge as much as 18.3 pct, their highest since Nov 1, 2016
** Shares of Dr Reddy's Laboratories fall as much as 3.9 pct, their lowest since Jan 22, 2016
** Nestle India Ltd falls as much as 3.4 pct, lowest since Feb 2
** India's federal cabinet approved SBI's planned merger with five subsidiary banks, Finance Minister Arun Jaitley said on Wednesday
** Shares of Tata Consultancy Services Ltd rise as much as 2.7 pct, highest since Sept 7, 2016
** DLF Ltd shares fall nearly 5 pct to lowest since Dec. 26, 2016
** Shares of budget airline SpiceJet Ltd fall as much as 2.7 pct to their lowest since Jan 27
Nifty Most Actives
NEW DELHI/SINGAPORE India's Reliance Industries, owner of the world's biggest refining complex, will halt heavy naphtha exports in 2017/18 after the full-scale start-up of its 2.2 million tonnes per year (tpy) paraxylene plant, four people with knowledge of the matter said.