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

India-WTO Standoff

India-WTO Standoff

India threatens to derail WTO deal, prompts angry U.S. rebuke  Full Article 

Economic Pulse

Economic Pulse

New govt promises low and stable tax regime for economic revival.  Full Article 

IPO Probe Ends

IPO Probe Ends

Facebook says SEC's IPO probe ends, extending WhatsApp closing date  Full Article 

World Stocks

World Stocks

Goldman Sachs downgrades stocks to neutral for short term  Full Article 

Disappointing Results

Disappointing Results

Amazon's far-reaching ambitions, lack of profits, unnerve investors  Full Article 

Global Growth

Global Growth

IMF cuts outlook, warns of stagnation risk in rich nations  Full Article 

Market Eye

Market Eye

Nifty retreats from record highs on profit taking.  Full Article 

Waning Enthusiasm

Waning Enthusiasm

Markets' post-election enthusiasm lost on consumers.  Full Article 

Reuters India Mobile

Reuters India Mobile

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