Sensex falls; state-owned banks, Infosys decline

Thu Oct 11, 2012 11:20am 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

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

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.

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