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

REUTERS SHOWCASE

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Microsoft Earnings

Microsoft Earnings

Microsoft sales beat Street hopes, cloud profits up.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

U.S. Economy

U.S. Economy

Spectre of no-inflation world looms over Fed's return to normal  Full Article 

Insider Trading

Insider Trading

Rengan Rajaratnam, SEC to settle civil insider trading charge.  Full Article 

Market Watch

Market Watch

Betting on the beaten up? Investors pin hopes on stocks in Europe, Japan.  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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