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:

Reforms Push

REUTERS SHOWCASE

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

26/11 Plotter

26/11 Plotter

Pakistan to challenge bail for Mumbai attack "mastermind".  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

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