BSE Sensex falls; RIL down

Mon Oct 8, 2012 1:40pm IST

People walk past the Bombay Stock Exchange (BSE) building in Mumbai January 9, 2009. REUTERS/Punit Paranjpe/Files

People walk past the Bombay Stock Exchange (BSE) building in Mumbai January 9, 2009.

Credit: Reuters/Punit Paranjpe/Files

Related Topics

Stocks

   

Reuters Market Eye - The BSE Sensex falls 0.8 percent, while the 50-share Nifty declines 0.9 percent. Losses in RIL, L&T and ICICI weigh.

Asian stocks edge lower and other riskier assets such as commodities fall as investors remained cautious about the outlook for the global economy and corporate earnings despite better-than-expected U.S. jobs numbers at the end of last week.

Reliance Industries falls over 3 percent after Morgan Stanley cuts its rating to 'underweight' from 'equal-weight', citing expectations for weaker refining margins and valuation concerns among other factors.

Housing finance companies gain after India's markets regulator on Saturday allowed debt-oriented mutual funds to invest up to 10 percent of their net assets in housing finance companies.

LIC Housing Finance (LICH.NS) gains 0.22 percent, Housing development and Finance Corp is up 0.5 percent.

FILED UNDER:

Surprise Rate Cut

Reuters Showcase

Documents' Leak

Documents' Leak

India widens oil leaks probe to defence ministry  Full Article 

Reuters Exclusive

Reuters Exclusive

Payment delays dent India's flagship health, AIDS programmes  Full Article 

Jim O’Neill Interview

Jim O’Neill Interview

'India can become world’s fifth-largest economy by decade’s end'  Full Article 

Food Security

Food Security

India will not cut multi-billion dollar food handout programme - PM  Full Article 

Ola's Expansion Drive

Ola's Expansion Drive

Taxi group Ola steps up expansion drive  Full Article 

Sahara Saga

Sahara Saga

Sahara's Grosvenor House hotel in London put up for sale   Full Article 

Suzlon Energy

Suzlon Energy

Suzlon expects to turn profitable in fiscal 2016: chairman   Full Article 

Beef Trade

Beef Trade

Maharashtra clamps down on beef trade through new act  Full Article 

Budget 2015

Budget 2015

Budget announcements and reactions from the industry  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage