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Friday, October 26, 2007
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Equity News
Oct 25 2007 3:13PM
India~s main share index extends gains to 2 pct

BANGALORE, Oct 25 (Reuters) - India's benchmark stock index extended its gains to 2 percent on Thursday, powered by ICICI Bank <ICBK.BO> and Tata Steel <TISC.BO> and boosted by short covering ahead of the monthly futures expiry.

Traders said that the market was also betting on positive outcome from the market regulator's meeting on tightening rules for unregistered foreigners.

At 3:04 p.m. (0934 GMT), the benchmark 30-share BSE index <.BSESN> was up 2.02 percent, or 374.31 points, at 18,887.22, with 23 components gaining.

The broader 50-issue NSE index <.NSEI> was up 1.91 percent at 5,601.05. ((Reporting by Sumeet Chatterjee, editing by John Mair; Reuters Messaging: [email protected]; +91-80-3982 7450)) Keywords: INDIA STOCKS/2PCT

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