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Indian shares provisionally rise 0.9 percent

Tue Jul 7, 2009 6:04am EDT

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BANGALORE, July 7 (Reuters) - Indian shares provisionally rose 0.89 percent on Tuesday, pulling back from the previous day's biggest one-day drop in six months, with leading cigarette maker ITC Ltd (ITC.BO) powering the gains.

The 30-share BSE index .BSESN provisionally ended up 125.58 points at 14,168.98, with 19 stocks advancing.

The benchmark had dropped 5.8 percent on Monday after the budget fell short of expectation on infrastructure spending, ignored financial sector reforms, raised a minimum alternate tax for companies and set a paltry stake sale target, traders said.

The broader 50-share NSE index provisionally ended up 0.91 percent at 4,203.40. (Reporting by Sumeet Chatterjee; Editing by Ranjit Gangadharan)



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