MARKET EYE-Indian shares fall; fears of 'US cliff' hit IT sector

Thu Nov 15, 2012 10:37am IST

Related Topics

Stocks

   

MUMBAI, Nov 15 (Reuters) - * India's BSE Index 
falls 0.67 percent, while the 50 share NSE Index falls
0.66 percent, resuming trade after a shortened Diwali session on
Tuesday.
* Falls track lower Asian shares at the prospect of drawn-out
negotiations over the looming U.S. "fiscal cliff" and rising
tensions in the Middle East after Israel launched an offensive
against Palestinian militants in Gaza. 
* Data on Wednesday showed India's headline inflation in October
rose 7.45 percent, unexpectedly eased to its slowest pace in
eight months, but still high enough to be a headache for
policymakers struggling to balance the need for growth with
taming prices. 
* Software services exporters with significant business in the
United States are among the leading decliners: Infosys Ltd
 down 2.2 percent, Tata Consultancy Services Ltd
 down 1.7 percent. 
* However, among gainers, Larsen & Toubro Ltd shares
gain 0.6 percent on bargain hunting after falling 1.2 percent so
far this month as of Tuesday's close, under-performing a 0.8
percent gain during the same period.

 (Reporting by Rafael Nam)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Healthcare Corruption

REUTERS SHOWCASE

Short of Expectations

Short of Expectations

Apple revenue lags Street forecasts  Full Article 

Mircosoft Results

Mircosoft Results

Microsoft revenue rises, profit falls as Nokia absorbed  Full Article 

Deal Talk

Deal Talk

Exclusive - Lupin, U.S. firms weigh bids for GSK's mature drugs: sources  Full Article 

Relief For Sahara

Relief For Sahara

Supreme Court could allow Sahara boss to conduct asset sale talks, company says.  Full Article 

Classifying Banks

Classifying Banks

RBI to start announcing too-big-to-fail banks in Aug 2015  Full Article 

Food Scandal

Food Scandal

Starbucks, Burger King dragged in as China food scandal spreads.  Full Article 

Reuters India Mobile

Reuters India Mobile

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