NSE index extends gain to 2 pct; inflation eases, Asian shares rebound

Source : REUTERS
Last Updated: Fri, Jun 14, 2013 09:30 hrs

MUMBAI, June 14 (Reuters) - India's NSE stock index extended gains to 2 percent on Friday, heading towards its biggest single-day rise since May 15, as headline inflation eased ahead of the central bank review on Monday, while Asian shares rebounded on upbeat U.S. data.

India's headline inflation slowed for a fourth straight month in May to 4.7 percent from a year earlier.

A Reuters poll, however, showed that a majority expect the Reserve Bank of India to hold rates on Monday. (Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)




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