Sensex off highs after weak factory data

Mon Nov 12, 2012 12:27pm IST

A broker reacts while trading at a stock brokerage firm in Mumbai November 11, 2008. REUTERS/Arko Datta/Files

A broker reacts while trading at a stock brokerage firm in Mumbai November 11, 2008.

Credit: Reuters/Arko Datta/Files

Related Topics

Stocks

   

Reuters Market Eye - The Sensex and the Nifty are trading 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 (LART.NS) down 0.4 percent and Punj Lloyd (PUJL.NS) falls 1.3 percent.

Tata Steel (TISC.NS) 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 (SBI.NS) 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.

FILED UNDER:

Religion and Politics

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

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 

Hacking Attack

Hacking Attack

N.Korea says did not hack Sony, wants joint probe with U.S.  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