Wednesday, 24 April 2013

Sensex gains on bullish regional risk sentiment - Reuters India

Brokers trade on their computer terminals at a stock brokerage firm in Mumbai July 23, 2008. REUTERS/Punit Paranjpe/Files

Track and analyse performance of all BSE sectoral indices and other global indices on a single page.   Full Coverage 

A broker reacts during trading at a stock brokerage firm in Mumbai September 2, 2008. REUTERS/Arko Datta/Files

A broker reacts during trading at a stock brokerage firm in Mumbai September 2, 2008.

Credit: Reuters/Arko Datta/Files

Thu Apr 25, 2013 10:16am IST

Reuters Market Eye - The BSE Sensex gains 0.73 percent while the Nifty trades up 0.85 percent amid broadly positive regional risk sentiment on hopes for more monetary easing but traders are cautious ahead of April derivatives expiry.

Asian shares edge higher supported by views that a run of weak global economic data will encourage major central banks to keep or deepen their monetary stimulus.

The RBI is likely to cut interest rates next week for a third time this year, drawing comfort from a fall in inflation as it seeks to help lift the economy from its lowest growth in a decade, according to a Reuters poll.

Jet Airways(JET.NS) shares surge nearly 20 percent after Etihad deal. Spicejet Ltd (SPJT.BO) also gains 9 percent.

Technology shares Tata Consultancy Ltd (TCS.NS), Wipro Ltd (WIPR.NS) and HCL Technologies Ltd (HCLT.NS) down 1 to 2 percent as traders roll over short positions.

Among other gainers were banking shares on hopes for a rate cut next week with the NSE banking index up 1.3 percent.

(Reporting by Swati Bhat)

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