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Indian shares rise 2 pct, financials lead

INDIA-SENSEX-OPEN:Indian shares rise 2 pct, financials lead

December 21, 2011 / 09:26 IST

MUMBAI (Reuters) - The BSE Sensex opened up 2.1 percent on Wednesday, led by financial stocks, after falling for five consecutive sessions, but investor sentiment remained cautious due to a weak domestic growth outlook.
Shares in drugmaker Ranbaxy rose over 2 percent in early trade after it announced a consent decree with the U.S. Food and Drug Administration.
At 9:16 a.m. (0348 GMT), the 30-share BSE index was up 1.75 percent at 15,400.68 points, with all of its components rising.
The broader 50-share NSE index was up 1.72 percent at 4,622.45 points.
(Reporting by Nandita Bose; editing by Malini Menon)

first published: Dec 21, 2011 09:26 am

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