MARKET EYE-Indian shares range-bound; banks fall, telcos gain

Mon Nov 19, 2012 10:24am IST

Related Topics

Stocks

   

* The BSE index is up 0.1 percent, while the NSE index 
 is flat, after both fell in each of the previous six
sessions. 
* Traders remain cautious ahead of the winter session of
parliament set to start on Thursday. The government's will to
pass reforms is considered critical to revive stock markets that
have faltered over the past month and a half. 
* Rate-sensitive stocks fall on worries that last week's data
showing easing inflation is unlikely to result in a repo rate
cut this year.
* HDFC is down 0.7 percent, while Axis Bank 
falls 1.1 percent.
* However, telecom stocks extend a recent rally after last
week's auction of 2G spectrum fetched lower prices than the
government had targeted. 
* Bharti Airtel gains 2.4 percent, after surging 9.3
percent last week.

 (abhishek.vishnoi@thomsonreuters.com)
FILED UNDER:

Reuters Showcase

Auto Sector

Auto Sector

Ford aims to triple exports from India with $1 billion plant  Full Article 

Micromax Stake

Micromax Stake

SoftBank-led group in talks to buy stake in Micromax - sources  Full Article 

Airwaves Auction

Airwaves Auction

Top three mobile operators spend $13.6 bln in airwaves auction  Full Article 

Insurance Sector

Insurance Sector

Australia's IAG to up stake in joint venture with SBI  Full Article 

Accenture Results

Accenture Results

Accenture raises revenue growth forecast for second time  Full Article 

GAIL's Plans

GAIL's Plans

GAIL seeking 7 LNG cargoes from Oct. 2015-Dec. 2016 - tender document.  Full Article 

Eyeing Pininfarina

Eyeing Pininfarina

Pininfarina confirms Mahindra interest, says no deal yet  Full Article 

SH Kelkar IPO

SH Kelkar IPO

SH Kelkar files prospectus for IPO, seen at around $100 mln  Full Article 

Australia Beat India

Australia Beat India

Smith shines as Australia down India to reach final  Full Article 

Reuters India Mobile

Reuters India Mobile

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