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MARKET EYE-Indian shares gain; banking stocks mixed after policy
December 18, 2012 / 8:14 AM / in 5 years

MARKET EYE-Indian shares gain; banking stocks mixed after policy

* The BSE index is up 0.43 percent while the NSE index
 gains 0.41 percent. 
* Banking shares mixed after RBI leaves interest rates on hold
on Tuesday but signals a cut in the repo rate in the
January-March quarter. State Bank of India gains 0.1
percent, while ICICI Bank loses 0.2 percent.
 
* Tata Motors gains 1.3 percent, up for a fourth day,
after stronger-than-expected November sales at Jaguar Land Rover
(JLR) reduced concerns about the outlook for the key unit of the
Indian auto maker. 
* Sun Pharmaceutical Industries gains 2.2 percent after
it said on Monday Caraco Pharmaceutical Laboratories Ltd.
(Caraco), its wholly-owned subsidiary, has acquired URL generic
business from Takeda Pharmaceutical Company.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)

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