RPT-MARKET EYE-Indian shares off highs after weak factory data

Mon Nov 12, 2012 12:47pm IST

Related Topics

Stocks

   

(Repeats for additional subscribers with no changes to text)
* The BSE index and the NSE index trade flat,
coming off highs after data showing weaker-than-expected
industrial output in September. 
* Capital good stocks fall after the manufacturing output
sub-index contracts 1.5 percent from a year ago: Larsen & Toubro
 down 0.4 percent and Punj Lloyd falls 1.3
percent.
* Tata Steel falls 1.7 percent after posting on Friday
an unexpected net loss in the July-September quarter and warning
it did not expect an improvement any time soon due to weak
market conditions. 
* But State Bank of India gains 0.9 percent, recovering
after slumping 3.9 percent on Friday when the lender posted an
increase in non-performing loans during the July-September
quarter. 

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Nifty Above 8,600

Nifty Above 8,600

Nifty hits record high above 8,600; state-run lenders gain  Full Article 

Indian in Iraq

Indian in Iraq

India says no contact with 39 men held by Islamic State in Iraq.  Full Article 

Sahara Issue

Sahara Issue

Sahara looks to raise $650 million loan to fund bail.  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster.  Full Article 

Essar Group

Essar Group

Exclusive - Essar's planned oil-for-steel deal tests Iran sanctions  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Fiscal Deficit

Fiscal Deficit

April-October fiscal deficit nears 90 pct of full-year target  Full Article 

Oil Prices

Oil Prices

Oil hits new four-year low post OPEC as glut looms  Full Article 

Gold Imports

Gold Imports

India eases gold import rule in surprise move.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage