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

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

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