MARKET EYE-Indian shares down on profit-taking, trade data

Tue Dec 11, 2012 2:06pm IST

Related Topics

Stocks

   

* India's BSE index falls 0.26 percent, while the NSE
index falls 0.4 percent, off highs on profit-taking
after the NSE stock futures breached the key
psychological level of 6,000 for the first time since Jan. 7,
2011.
* Traders also cite renewed concerns about India's current
account deficit after data on Tuesday showed exports fell 4
percent to $22.3 billion in November, while imports jumped to
$41.5 billion, leaving a trade deficit of $19.3 billion.
 
* Traders focused on the outcome of factory data on Wednesday
and inflation data on Friday, which are coming ahead of RBI's
rate-setting meet on Dec. 18.
* Rate sensitive stocks come under pressure: State Bank of India
 falls 1 percent, Tata Motors falls 1.4
percent.
* Tata Consultancy services shares down 0.9 percent
have fallen 6.04 percent in past 5 sessions 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

Reliance Projects

Reliance Projects

Exclusive: Reliance plans $13 billion projects including new refinery.  Full Article 

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Low Stocks

Low Stocks

Indian power station coal stocks lowest since 2012 blackouts.  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Google Drones

Google Drones

Google is testing unmanned drones to deliver anything from dog food to medicine.  Video 

#RiceBucketChallenge

#RiceBucketChallenge

In India, rice replaces ice in bucket challenge.  Full Article 

Reuters India Mobile

Reuters India Mobile

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