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:

Monetary Policy Committee

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

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