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Indian shares gain for fifth day; Cipla surges after earnings
November 6, 2012 / 10:08 AM / 5 years ago

Indian shares gain for fifth day; Cipla surges after earnings

MUMBAI, Oct 18 (Reuters) - Indian shares rose for a fifth consecutive session on Tuesday, as drug maker Cipla jumped after posting a surge in quarterly earnings, while State Bank of India rose on hopes for rising demand for loans in the holiday season.

Cipla provisionally rose 4.2 percent, while State Bank of India added 1.2 percent.

The BSE index provisionally gained 0.32 percent, while the 50-share NSE index ended up 0.35 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

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