Indian shares edge higher; on hold for WPI

MUMBAI, June 13 Wed Jun 13, 2012 6:09am EDT

MUMBAI, June 13 (Reuters) - Indian main index posted slight gains on Wednesday ahead of key inflation data that could help determine whether the central bank cuts interest rates next week.

Larsen & Toubro added 2.45 percent for the day on a Kyodo News report that Mitsubishi Heavy Industries Ltd. may look to buy a stake in unit L&T Shipbuilding though an executive at the energy conglomerate denied any such talks had taken place.

Auto shares were hit by media reports levies would be imposed on diesel vehicle sales, sending Mahindra & Mahindra down 1.84 percent.

India's main 30-share BSE index provisionally rose 0.12 percent to 16,883.4 points.

The broader 50-share NSE index gained 0.11 percent to 5,121.45 points (Reporting by Manoj Dharra; Editing by Rafael Nam)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.