Drug Safety Settlement

A Ranbaxy office building is pictured in the northern Indian city of Mohali May 14, 2013. Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the U.S. government. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. REUTERS/Ajay Verma (INDIA - Tags: HEALTH BUSINESS)

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MUMBAI | Mon Dec 17, 2012 3:36pm IST

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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