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Indian stocks recover from losing run; banks gain
March 20, 2012 / 10:08 AM / 6 years ago

Indian stocks recover from losing run; banks gain

MUMBAI, March 20 (Reuters) - Indian shares edged up to their first winning session in four as lenders recovered on expectations recent steep losses were overdone, while jewellery maker Titan Industries rallied as a recent excise duty on gold was not expected to hit profits too much.

Titan gained a provisional 3.9 percent, while State Bank of India was up 1.4 percent.

The main 30-share BSE index provisionally rose 0.2 percent to 17,309.28 points after hitting its lowest close since March 7 on Monday. The 50-share Nifty index added 0.3 percent to 5,274.85 points. (Reporting By Manoj Dharra and Abhishek Vishnoi; Editing by Harish Nambiar)

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