Indian shares up; Tata Motors, ICICI Bank gain

Last Updated: Mon, Feb 04, 2013 09:17 hrs

The 30-share BSE Sensex is up 0.17 percent while the 50-share NSE Nifty rises 0.1 percent.

Tata Motors Ltd gains 4.8 percent after briefly plunging as much as 10 percent on Friday because of a technology trading glitch from brokerage Religare Capital Markets.

Power Finance Corp Ltd and Rural Electrification Corp Ltd shares gain over 4 percent each on speculation the government is preparing to offer new incentives to revive stalled power projects.

ICICI Bank adds 1.8 percent after falling 3.4 percent in the previous two sessions.

Bank of Baroda shares fall 6.5 percent after the bank's October-December earnings disappointed investors.

Shares in IDFC fell 4.5 percent after the lender and consultant for infrastructure projects registered a weak loan growth in the December quarter.

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