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MARKET EYE-Indian shares gain; rate sensitive stocks lead
January 28, 2013 / 4:38 AM / 5 years ago

MARKET EYE-Indian shares gain; rate sensitive stocks lead

* The BSE index is up 0.13 percent and the 50-share NSE
index is up 0.09 percent.  
* Bank stocks gain ahead of Reserve Bank of India's policy
review on Tuesday, anticipating at least a 25 basis point cut in
benchmark rates.
* ICICI Bank gains 0.9 percent while HDFC Bank
 is up 0.6 percent.
* Maruti Suzuki India Ltd gains 1.7 percent after it
said on Friday its third quarter profit more than doubled. UBS
upgraded the stock to 'buy' from neutral', citing the benefits
from a weakening Japanese yen 
 
* However, oil and gas stocks fall on profit-taking, with
Reliance Industries down 1 percent and Oil and Natural
Gas Corp falling 1.3 percent.

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

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