Wednesday, April 30, 2008

Indian shares rise 2pct on day after RBI review

Indian shares rose more than 2 percent on Tuesday, led higher by Reliance Industries and financials such as ICICI Bank, after the RBI held its key interest rates steady.

At 1:06 p.m., the 30-share BSE index was up 2.0 percent, or 340.03 points, at 17,355.99, with 26 components rising. The index had opened up 0.21 percent and had slipped into the red ahead of the policy review.

The 50-issue NSE index rose 1.67 percent to 5,174.80.

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