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

Pricing Controls

REUTERS SHOWCASE

India-China Relations

India-China Relations

India and China look to put knotty relations on new footing.  Full Article 

Importing Iron Ore

Importing Iron Ore

As mining curbs bite, India offers market to glut-hit iron ore.  Full Article 

Lower Output

Lower Output

IOC cuts refinery output as rains hit fuel demand - source.  Full Article 

Drug Approval

Drug Approval

Epirus, Ranbaxy win India approval for arthritis drug copy.  Full Article 

Farming and Technology

Farming and Technology

Climate smart farmers get tech savvy to save India's bread basket.  Full Article 

Rajan Speaks

Rajan Speaks

RBI chief Rajan says limiting reliance on foreign debt.  Full Article 

India-Vietnam Ties

India-Vietnam Ties

India tightens Vietnam defence, oil ties ahead of China Xi's visit.  Full Article 

Debt & Equity Deal

Debt & Equity Deal

KKR to lend $175 million to GMR Infrastructure - source.  Full Article 

Preparing for IPO

Preparing for IPO

Alibaba boosts IPO as demand strengthens.  Full Article 

Reuters India Mobile

Reuters India Mobile

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