MARKET EYE-India shares down; public banks gain, TCS falls

Mon Dec 10, 2012 2:44pm IST

Related Topics

Stocks

   

* The BSE index is down 0.24 percent while the NSE
index falls 0.27 percent. 
* Traders are cautious as the Nifty approaches a key
psychological level of 6,000, a level last seen Jan. 7, 2011.   
* European shares fall on Monday, after Italian Prime Minister
Mario Monti's decision to resign early triggers fears of a fresh
bout of euro zone uncertainty. 
* Traders say markets are awaiting fresh triggers from the
government, in the form of a pick up in the investment cycle,
which will help growth.
* Traders are expecting the banking bill to be passed which the
RBI has said was a pre-condition to invite new banking licences.
* Likely candidates for banking licences rose: Reliance Capital
Ltd gains 1.9 percent, L&T Finance Holdings Ltd
 rises 4.8 percent while Mahindra & Mahindra Financial
Services Ltd is up 7 percent.         
* State-run banks that gained on capital infusion hopes: Union
Bank of India is up 3 percent, Oriental Bank of
Commerce gains 5.3 percent.
* Reliance Industries falls 1.34 percent after gaining
5.15 percent this month as of Friday's close while Tata
Consultancy Services falls 1.9 percent on outlook
concerns.    

 (manoj.dharra@thomsonreuters.com)
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

TCS Results

TCS Results

TCS net profit rises 51.5 percent, sees stronger sales growth.  Full Article | Quote 

Google Results

Google Results

Google Q1 revenue misses Wall Street targets.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Sparking Boom

Sparking Boom

BlackBerry: the crash that launched 1,000 start-ups.  Video 

Telecom Sector

Telecom Sector

RComm to raise mobile call tariff by up to 20 percent  Full Article 

Chinese Economy

Chinese Economy

China economic growth slows to 18-month low in first quarter  Full Article 

Breakingviews

Breakingviews

Diageo throws money at Indian empire-building  Full Article 

Reuters India Mobile

Reuters India Mobile

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