MARKET EYE-Indian shares fall; HDFC, Hindustan Unilever hit

Wed Dec 12, 2012 3:04pm IST

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Stocks

   

* The BSE index falls 0.09 percent, heading for a
fourth consecutive session of mild losses, while the NSE index 
 falls 0.13 percent.
* Mortgage lender HDFC fell 1.85 percent on
profit-taking after gaining 4.44 percent in previous two
sessions, while shares of Hindustan Unilever falls 2.4
percent on worries it will face higher royalty payments to
Unilever PLC. 
* However, non-banking financial companies gain after Finance
Minister P. Chidambaram said the government has reached
agreement with opposition on a banking bill due to be voted on
in parliament session. 
* The bill would set the groundwork for companies to eventually
gain banking licenses: L&T Finance Holdings gains 4.2
percent, while Reliance Capital gains 4.7 percent.


 (manoj.dharra@thomsonreuters.com)
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