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:
  • Most Popular
  • Most Shared

Pending Reform

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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