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

Markets

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

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