Monday 13 August 2012

Indian Shares Rise As Banks Recover; ONGC Gains On Earnings


Aug 13 (Reuters) - Indian shares provisionally rose on Monday, led by recently hit banking stocks such as SBI, while ONGC gained after posting a surge in quarterly earnings over the weekend.
State Bank of India rose 1 percent, after earlier falling as much as 1.5 percent. Shares of India's biggest lender slumped 4.1 percent on Friday after reporting a surge in bad loans during the April-June quarter.
State-run producer Oil & Natural Gas Corp rose 0.6 percent after the company reported over the weekend a higher-than-expected jump in quarterly profit.
India's benchmark BSE index provisionally ended up 0.43 percent at 17,633.45 points, while the 50-share NSE index rose 0.52 percent to 5,347.90 points

1 comment:

  1. I want to make a portfolio in Indian share market. But I fear because the market is too volatile.
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