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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The Bombay High Court has ruled in favour of Vodafone in one of a series of tax cases involving the British telecoms company in India, a decision seen as positive for several other firms fighting similar disputes. Full Article