Indian shares snap 6-day winning streak; L&T falls
MUMBAI Nov 8 (Reuters) - India's main indexes fell on Thursday, retreating from near 4-1/2 week highs, as recent out-performers such as Larsen & Toubro were hit by profit-taking on worries about budget negotiations in the United States and about Europe's economic troubles.
However Tata Motors rose a provisional 5.4 percent a day after the auto maker reported that July-September margins at its key Jaguar Land Rover (JLR) subsidiary improved from a year ago.
The BSE index provisionally fell 0.3 percent, snapping a six-session winning streak. The 50-share NSE index ended down 0.37 percent. Both indexes had hit their highest in nearly 4-1/2 weeks on Wednesday.
Larsen & Toubro provisionally fell 2 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
- Tweet this
- Share this
- Digg this
- Jindal Steel shelves $10 bln project after coal setback
- West not expected to demand Iran atom bomb "mea culpa" in deal
- U.S. seeks to step up India trade talks after WTO breakthrough
- Bomber targeted police commander in Afghan volleyball game attack
- India targets private cash to build railways to its ports
The main opposition Congress party signalled on Monday it could support government legislation to liberalise the insurance industry, a long-delayed reform expected to help improve investor confidence. Full Article
Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets Full Article