• Most Popular
  • Most Shared

Indian shares rise 1 pct on short covering

Fri Jul 10, 2009 4:57am EDT

Stocks

   

MUMBAI, July 10 (Reuters) - Indian shares extended gains to 1 percent on Friday afternoon as day traders covered their short positions ahead of the weekend, but the market was on course to its biggest weekly fall in almost five months.

Infosys Technologies (INFY.BO), India's No.2 software outsourcer, led the rise climbing 4.7 percent to 1,756.10 rupees.

By 2:20 p.m. (0850 GMT), the 30-share BSE index .BSESN was up 0.9 percent at 13,882.96 points, with 18 components gaining, after rising as high as 13,897.19.

The 50-share NSE index was up 1.15 percent at 4,128.05 points. (Reporting by Janaki Krishnan)



More from Reuters

Photo

U.S. retailers open past midnight in holiday push

NEW YORK (Reuters) - In the nights before Christmas, some U.S. retailers are opening their doors round the clock to wring out every last possible holiday sale. | Video

» More Top News
A glass of water taken from a residential well after the start of natural gas drilling in Dimock, Pennsylvania, March 7, 2009. Dimock is one of hundreds of sites in Pennsylvania where energy companies are now racing to tap the massive Marcellus Shale natural gas formation. REUTERS/Tim Shaffer

Not in my watershed: NYC

The biggest U.S. city wants the state to ban one of the most promising sources of U.S. energy -- and also one of the most contentious.  Full Article 

Green Business
Cannabis sativa plant is seen in Buenos Aires, August 21, 2009. REUTERS/Enrique Marcarian
Bernd Debusmann:

Obama, drugs, common sense

American attitudes towards drug prohibition – and above all, punitive laws on marijuana – are changing too fast for policymakers and legislators to ignore.  Commentary 

U.S.