Indian shares reverse losses
Tuesday, 13 January 2015
MUMBAI, Jan 12 (Reuters): Indian shares reversed losses to end stronger on Monday on optimism ahead of the retail inflation data due later in the day while sentiment was boosted after European shares gained on increased mergers and acquisition activity in the healthcare sector.
The local share market had earlier dropped as much as 0.5 per cent as lower oil prices hurt energy stocks.
Traders will closely watch the retail inflation print, due to be released at 1130 GMT, which is likely to determine the central bank's stance during its monetary policy review on Feb 3.
The benchmark BSE index closed 0.46 per cent higher at 27,585.27. The broader NSE index gained 0.46 per cent to 8,323.