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Sep 21, 2012, 10.52 AM IST
SENSEX-NIFTY-PANTALOON-RELIANCE-CAPITAL:BSE Sensex up over 250 points; further reform hopes
India formally opened its supermarket sector to foreign chains and eased foreign investment rules in airlines and broadcasters, the government said on Thursday.
Pantaloon Retail India Ltd
Despite the current political instability, investors are hoping the government will go through with reforms and that the pace will continue.
Indian financial companies with insurance units surged on hopes the government will increase the foreign direct investment limit to 49 percent from 26 in insurance companies at its next cabinet meeting.
State Bank of India was up 1.9 percent, while ICICI Bank
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy