Indian shares gain, Maruti Suzuki, Tata Communications shares surge

Oct 01 2013, 12:53 IST
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Maruti Suzuki India shares gain 3.1 percent on higher-than-expected sales in September. (AP) Maruti Suzuki India shares gain 3.1 percent on higher-than-expected sales in September. (AP)
SummaryIndian shares rise after lower-than-expected June qtr current account gap boosts sentiment.

Indian shares rise after a lower-than-expected June quarter current account gap boosts sentiment, though a US government shutdown continues to weigh.

The benchmark BSE Sensex and the broader NSE Nifty gain 0.3 percent each.

Maruti Suzuki India shares gain 3.1 percent on higher-than-expected sales in September.

Tata Communications Ltd gains 4.3 percent after South Africa's Vodacom Group said on Monday it was in exclusive talks to buy Tata's unlisted local unit, Neotel, in a potential $590 million deal.

Apollo Tyres Ltd shares fall as much as 8.9 percent on worries about possible high debt after Cooper Tire and Rubber Co shareholders approved the US company's $2.5 billion sale to the Indian firm.

Hindustan Unilever Ltd shares fall 1.2 percent after its parent company Unilever warned that a slowdown in its emerging markets accelerated in the third quarter.

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