Sensex falls; state-owned banks, Infosys decline
Reuters Market Eye - The BSE Sensex falls 0.15 percent while the 50-share Nifty is also down 0.16 percent on caution ahead of corporate earnings.
Asian shares tracked Wall Street lower on Thursday as weak forecasts from U.S. corporate bellwethers underscored concern over global demand, particularly from China, and kept oil and other commodity prices under pressure.
Infosys Ltd (INFY.NS) falls 0.4 percent ahead of reporting its July-September earnings on Friday.
State-owned banks such as State Bank of India fall on concerns over rising non-performing loans.
SBI falls 1 percent while Canara Bank (CNBK.NS) is down 1.5 percent.
Unitech Ltd (UNTE.NS) gains 4 percent on Thursday after the company said it has agreed to dispose of its shareholding in its mobile joint venture Uninor after reaching a settlement with partner Telenor ASA (TEL.OL) on their legal dispute.
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Modi slams whispering campaign against Rajnath Singh
- Islamic State executes soldiers, takes hostages at Syria base - social media
- India's coal crunch - a chance to revamp, reallocate and revive
- Sensex, Nifty mark record closing high on Euro zone stimulus talk
COAL BLOCK ALLOCATIONS
A Supreme Court ruling this week that India's decades-old method of granting coal mining concessions is illegal could herald much-needed reforms in a sector long dogged by the inability of state-run Coal India to raise output fast enough. Read
Kleiner to invest in messaging startup Snapchat at near-$10 bln valuation - report. Full Article