Indian stocks fall 1 pct; IT hit by US 'fiscal cliff' fears

Thu Nov 15, 2012 1:55pm IST

Related Topics

Stocks

   

MUMBAI, Nov 15 (Reuters) - * India's benchmark
BSE index falls 1 percent while the 50-share NSE index
 also loses 1 percent.
* Falls mirror worsening global risk environment at the prospect
of drawn-out negotiations over the U.S. "fiscal cliff."
 
* Software services exporters with U.S. exposure are among the
leading losers. Tata Consultancy Services falls 1.8
percent and Infosys declines 2.2 percent.
* Cement maker Jaiprakash Associates falls 2.6 percent
after posting a 48.6 percent fall in July-September net profit.
 
* Earnings pull down its rivals: UltraTech Cement 
drops 5.1 percent, while ACC falls 2.2 percent.
 
* However, telecom stocks gain after muted demand at the 2G
auction seen reducing prices for airwaves. Bharti Airtel
 shares gain 3.2 percent. 

 (manoj.dharra@thomsonreuters.com /
manoj.dharra.thomsonreuters.com@reuters.net)
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

Market Eye

REUTERS SHOWCASE

Climate Change

Climate Change

Climate change to cut South Asia's growth 9 percent by 2100 - ADB.  Full Article 

Ballmer Exits

Ballmer Exits

Ex-CEO Ballmer quits Microsoft board to focus on NBA's Clippers  Full Article 

Bribery Investigation

Bribery Investigation

Owed $6 billion, banks sharpen scrutiny of steelmaker Bhushan  Full Article 

Deal Talk

Deal Talk

JSW to buy Welspun Maxsteel for enterprise value of $165 million.  Full Article 

Needless Spending

Needless Spending

Exclusive - Icahn says Family Dollar wasting over $300 mln in breakup fees .  Full Article 

Luring Customers

Luring Customers

With cigars and crystal, Volvo makes eyes at Chinese rich.  Full Article 

Reuters India Mobile

Reuters India Mobile

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