MUMBAI, March 5 - Indian shares edged up on Thursday in a volatile session as consumer and healthcare stocks such as Sun Pharmaceutical Industries rose with investors favouring defensive bets, though losses in telecoms and banks capped gains.
** NSE index may fall to a key support of 8,600 before resuming its uptrend, according to technical analysts
MUMBAI, March 5 - Stock market index provider FTSE Group has added Bosch and raised the shares of eight other Indian companies, including Yes Bank, to large-caps from mid-cap earlier in its Asia Pacific ex-Japan index.
** Aban Offshore units redeem outstanding bonds of up to $216 million
** Cairn India Ltd, India's largest private sector crude oil producer, falls 3.5 pct to its lowest since Feb 2
** Shares in India's road construction companies surge ** GMR Infrastructure gains 1.5 pct, Ashoka Buildcon adds 2.4 percent, KNR Constructions is up 1.7 percent and J Kumar Infraprojects gains 0.6 pct ** India's Cabinet Committee on Economic Affairs cleared six projects worth 126.7 billion rupees ($2.04 billion) (http://bit.ly/1m5FOds) ** The announcement is a huge positive to construction firms as it revives sentiment-traders ** Further, the government has announced its i
** Shares in India's Pipavav Defence and Offshore Engineering slump 10 percent ** Reliance Infrastructure has agreed to buy the company at 63 rupees a share, a 17.6 pct discount to its close on Wednesday ** Pipavav shares surged 90.1 pct so far this year till Wednesday ** However, shares in Reliance Infrastructure gain 2.5 pct ** This acquisition certainly gives Reliance a leg-up in the naval business given significant ordering expected for submarines and warships - Edelweiss Se
** Shares in Indian insurance firms such as Max India Ltd gain 0.9 percent and Reliance Capital Ltd adds 0.8 percent ** Indian parliament's lower house passed insurance bill that seeks to increase the foreign investment limit in local insurers to 49 percent from 26 percent ** Opposition Congress party voted along with the ruling party, which will enable smooth passage of the bill in the upper house as well, traders say (Reuters Messaging: email@example.com)
MUMBAI, March 4 - Indian shares fell on Wednesday, retreating from record highs hit earlier in the session, as the initial surge after an unexpected rate cut by the central bank was offset by profit-taking and on speculation foreign investors sold blue-chips.
** Indian shares down 1 pct, give up earlier gains after hitting record highs ** India's BSE index fell as much as 1 pct after earlier rising 1.46 pct to mark record high of 30,024.74 ** Traders say some foreign investors may be booking profits after recent rally ** Foreign investors have bought Indian equities worth $4.48 bln - regulatory data ** Falls also track lower Asian shares as investors grow cautious before upcoming central bank meetings and U.S. jobs data ** "The k
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MUMBAI/NEW DELHI - Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, India's government and central bank remain at odds over how crucial decisions are made.