MARKET EYE-Indian shares fall; technology stocks hit
* The BSE index is down 0.33 percent while the NSE index falls 0.34 percent. * Tata Consultancy Services falls 3 percent on caution ahead of a scheduled meeting between the management and analysts later in the day amid concerns the software services provider will deliver a downcast view on the sector. * Infosys falls 0.6 percent. * However, some interest-rate sensitive stocks gain ahead of the central bank's policy review on Tuesday. * Although RBI is not expected to ease policy then, traders say it could cut the cash reserve ratio or sound more dovish on inflation. * Rate-sensitive stocks such as State Bank of India gains 1 percent while the ICICI Bank is up 0.8 percent. * Tata Motors gains 0.8 percent, up for a third day on JLR's November sales. (firstname.lastname@example.org /; email@example.com)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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The government made a push on Wednesday to bolster its strained finances, offering to sell a stake in miner Coal India and more mobile phone airwaves as it aimed to deliver on a promise to trim its fiscal deficit. Full Article