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Sensex gains over 100 points; financial stocks lead

Source : REUTERS
Last Updated: Mon, Dec 02, 2013 05:47 hrs
​Happy bse

India's benchmark BSE index gains 0.3 percent, while the broader NSE index is up 0.4 percent.

An expansion in farm output and some infrastructure helped the Indian economy recover slightly in the September quarter, but growth still hovered close to decade lows, tempering hopes of a sustained rebound ahead of elections due next year.

Financial shares lead the gains with IDFC Ltd up 2.5 percent on continued hopes it would get a banking license.

Axis Bank Ltd gains 1.8 percent ahead of inclusion in India's benchmark BSE index on Dec 23.

Foreign funds were buyers of $119.22 million in Indian equities on Friday, provisional data showed.

Shares in Larsen and Toubro Ltd gain 1.4 percent after the company said on Friday it was evaluating options "for monetisation" of assets belonging to unit L&T Infrastructure Development Projects Ltd (IDPL).


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