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Friday, 2 November 2012

Sensex up on positive global cues

cleanmediatoday.com


Sensex up on positive global cues
Clean Media Correspondent

Mumbai, Nov 02 (CMC)  The Sensex is up 1.19 percent and the Nifty adds 1.11 percent. Recent blue-chip underperformers leading the gain; ITC(ITC.NS) up 2.4 percent after falling 2.3 percent this week as on Thursday close, while Larsen & Toubro(LART.NS) gains 2.63 percent after falling 4.6 percent during the same period.

Shares extend gains after European shares advanced tracking gains in Asia, although many investors are unlikely to commit to buying large, new positions before U.S. jobs data later in the day.

ICICI Bank (ICBK.NS) gains 1.75 percent after falling 1.95 percent this week.

Union Bank of India (UNBK.NS) shares jump 7 percent after the state-run bank reported improvement in its asset quality in the September quarter. Net NPAs at 2.06 percent versus 2.2 percent in the April-June quarter.

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