Indian shares fall ahead of rate decision; tech stocks hit
MUMBAI Dec 17 (Reuters) - Indian shares fell on Monday, led by declines in technology stocks such as Tata Consultancy Services 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.
Tata Consultancy Services provisionally fell 3 percent, while Infosys ended 0.9 percent lower.
The BSE index provisionally fell 0.38 percent, while the 50-share NSE index ended down 0.39 percent.
However, rate-sensitve stocks such as State Bank of India NS> rose 0.9 percent, ahead of the RBI's meet on Tuesday, on hopes of a cut in cash reserve ratio. (Reporting by Abhishek Vishnoi; Editing by Sunil Nair)
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Prime Minister Narendra Modi came to office with a reputation as a business-friendly leader ready to open up one of the world's biggest markets and sweep away the remnants of the country's socialist past. Full Article