Reuters Market Eye - The Sensex is up 0.6 percent and the Nifty is up 0.9 percent, on their way to snapping four sessions of losses. Stocks leading gains on the Sensex include ICICI Bank, up 2.7 percent, and HDFC, up nearly 2 percent.
Cairn India Ltd gains 3.13 percent after the company announces an oil discovery in the Rajasthan block.
ICICI Bank is up after Morgan Stanley upgrades the stock to "overweight" from "equal-weight", citing an expected pick-up in consumer loan growth.
Wipro recovers after earlier falling as much as 11.3 percent in the first trading session after splitting non-IT business into a separate unit. (Read full story http://in.reuters.com/article/2013/04/09/wipro-shares-idINDEE93801U20130409)
Foreign funds continue to be net sellers in Indian equities, having sold $30.03 million of equities on Monday, a fourth consecutive session of selling.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app