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June 28th, 2012
Indian Shares Gain on Infrastructure and Utilities

Indian shares rose on Wednesday as power utilities gained after a proposed tariff hike in New Delhi, while infrastructure stocks such as BHEL advanced on hopes for a renewed push by the government to increase investment in the sector. Sentiment was also boosted after Deutsche Bank upgraded Indian stocks to “overweight” from “neutral,” calling them close to the cheapest in two decades. The action followed a J.P.Morgan upgrade to the same rating last week. Read More