MARKET EYE-Indian shares trim losses; SBI gains ahead of results

Thu Nov 8, 2012 2:47pm IST

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Polluted waters of China

Polluted waters of China

Growing cities, overuse of fertilizers, and factory wastewater have degraded China's water supplies to the extent that half the nation's rivers and lakes are severely polluted.  Slideshow 

* The BSE index falls 0.36 percent and the NSE index
 is down 0.45 percent.  
* ICICI Bank falls 1.4 percent on profit-booking after
gaining 4.1 percent this month as of Wednesday's close, compared
with a 2.5 percent gain in the NSE index. 
* Housing Development Finance Corporation also down 1.2 percent,
after hitting its 52-week high of 805.85 rupees on Wednesday. 
* However, State Bank of India gains 1.9 percent,
reversing earlier losses of as much as 1.6 percent, ahead of its
quarterly results on Friday. 
* Shares in Tata Motors Ltd also gain 4.7 percent,
after the automaker reported that July-September margins at its
key Jaguar Land Rover subsidiary improved. 

 (abhishek.vishnoi@thomsonreuters.com)
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