MARKET EYE-Indian shares fall on profit-taking; aviation shares gain

Mon Dec 3, 2012 2:22pm IST

Related Topics

Stocks

   

* The BSE index down 0.22 percent to 19,297.61 while
the NSE index is also down 0.21 percent at 5,867.50.  
* Indian stocks down after gaining 4.5 percent in November, as
recent outperformers such as HDFC Bank fall on
profit-taking.
* HDFC Bank falls 2.4 percent while ITC is down 1.2
percent.
* However, Aviation stocks such as Jet Airways gain on
a report in Mint newspaper that the airline will soon seek
regulatory approval to tweak its ownership pattern to facilitate
a stake sale to Etihad Airways. 
* Jet Airways gains 5.9 percent while SpiceJet is also up 6.1
percent on speculation over potential stake sale, dealers say.
* Traders closely tracking the vote on foreign investment in
multi-brand retail in parliament for further direction.  

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:

REUTERS SHOWCASE

2015: India Outlook

2015: India Outlook

India in 2014: A dream run for markets  Full Article 

Funding Woes

Funding Woes

Co-founder of SpiceJet seeks time to finalise rescue  Full Article 

Flying Back on Course

Flying Back on Course

The inside story of the new Airbus A350 jet  Full Article 

Oil Prices

Oil Prices

Oil rebounds above $62, tracking broader markets  Full Article 

Tracking Gold

Tracking Gold

Gold inches higher on weaker dollar, Asian buying  Full Article 

Cyber Attacks

Cyber Attacks

China condemns cyberattacks, but says no proof N.Korea hacked Sony  Full Article 

Connecting Markets

Connecting Markets

China stock connect scheme scorecard throws up surprises  Full Article 

Reuters India Mobile

Reuters India Mobile

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