Indian shares end lower; factory data disappoints
MUMBAI Nov 12 (Reuters) - Indian shares provisionally closed lower on Monday ahead of a two-day trading holiday after a surprise contraction in industrial production, a fall in exports, and a higher consumer price index deepened fears about the Indian economy.
Larsen & Toubro Ltd ended 0.9 percent lower while cigarette maker ITC Ltd fell 1.35 percent.
However, shares in United Spirits Ltd jumped 34.66 percent after the company agreed to sell a majority stake to Diageo.
The BSE index provisionally fell 0.07 percent, while the 50-share NSE index ended down 0.04 percent.
The stock markets will open for a brief session on Tuesday.
(Reporting By Manoj Dharra; Editing by Anupama Dwivedi)
- Tweet this
- Share this
- Digg this
- U.S. Treasury moves against tax-avoidance 'inversion' deals
- Chinese and Indian troops in Himalayan standoff
- India withdraws regulator's power to cap non-essential drug prices
- India's Mars mission a step closer to success with engine test
- U.S. and Arab allies launch first strikes on fighters in Syria
India has withdrawn the drug pricing authority's powers that allowed it to fix the prices of medicines not deemed essential, after its decision to impose price caps on more than 100 drugs in July triggered industry protests. Article