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)
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The BSE Sensex ended up slightly on Monday after rising to a record high for a third consecutive session as strong foreign buying continued to boost domestic-focused shares such as those of HDFC Bank, but momentum waned as exporters slumped on a stronger currency. Full Article