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Sensex snap 3-day losing streak on rate cut hopes

Source : REUTERS
Last Updated: Thu, Mar 14, 2013 10:33 hrs
Sensex falls 1 pct on worries about reforms, growth

Indian shares rose on Thursday, ending a three-day losing streak, as interest-rate sensitive stocks such as ICICI Bank rose after lower-than-expected core inflation data raised hopes the central bank would ease monetary policy next week.

State Bank of India provisionally rose 3.5 percent, while ICICI Bank Ltd gained 2.15 percent.

The BSE Sensex provisionally gained 1.08 percent, while the 50-share NSE Nifty ended up 1.02 percent.


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