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Indian shares rise 1 pct early; Reliance gains

Tue Nov 3, 2009 11:35pm EST

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MUMBAI, Nov 4 (Reuters) - Indian shares rose 1 percent in early trade on Wednesday after falling 8.4 percent over the past six sessions, helped by the finance minister's comments the fiscal stimulus will be maintained.

Financials

The government will maintain its fiscal stimulus due to uncertainty arising from a poor monsoon and the global outlook, Pranab Mukherjee said on Tuesday, as data showed the summer crop could post a bigger-than-expected fall. [ID:nL3634290]

At 9:56 a.m. (0426 GMT), the 30-share BSE index .BSESN was up 1.01 percent at 15,560.53 points, with 24 components advancing.

Energy giant Reliance Industries (RELI.BO) led the gainers. It was up 2.9 percent at 1,873 rupees.

The 50-share NSE Index was up 1.3 percent at 4,621.65. (Reporting by Ami Shah)

Financials


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