Market Eye: Indian shares up over 1 pct; Reliance, Tata Motors surge

Tata Coffee

14/06/2013 05:33

* Indian main BSE index  .BSESN  gains 1.1 percent while the 
broader NSE index  .NSEI  advances 1.11 percent, on-track to 
snap a three-day losing streak. 
* Asian shares recovered from multi-month lows on Friday, as a 
rebound in U.S. equities on the back of upbeat economic data 
calmed nerves after a bruising selloff in global markets. 
 MKTS/GLOB    
* Shares in India's Reliance Industries Ltd  RELI.NS  gain 1.5 
percent after its KG-D6 block partner Niko Resources Ltd 
 NKO.TO  said its proved reserves increased by 160 percent, and 
that a recent gas discovery in the D6 block off India's east 
coast could add significantly to future reserves. 
 ID:nL3N0EP3FL  
* Tata Motors Ltd  TAMO.NS  gains 3.2 percent ahead of unit 
Jaguar Land Rover Ltd  TAMOJL.UL  global wholesale numbers 
expected later in the day. 
* Tata Coffee Ltd  TACO.NS  climbs 8 percent on value buying 
after falling 25 percent decline in the previous two sessions. 
* India will release wholesale prices-based inflation data for 
May around 0630 GMT, which is the last crucial data before the 
central bank's rate meet on Monday.  ID:nL3N0EN2Y  
 
 (abhishek.vishnoi@thomsonreuters.com / 
abhishek.vishnoi.thomsonreuters.com@reuters.net)