Indian shares edge lower; auto, capital goods hit
MUMBAI Dec 20 (Reuters) - Indian shares fell on Thursday, led by declines in auto stocks such as Tata Motors which fell on profit booking, while capital goods stocks such as Larsen & Toubro fell on worries of a slowdown in order bookings.
Tata Motors provisionally fell 1.5 percent, while Larsen & Toubro ended 1.1 percent lower.
The BSE index provisionally fell 0.26 percent, while the 50-share NSE index ended down 0.22 percent. (Reporting by Abhishek Vishnoi; Editing by Sunil Nair)
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The recent market correction was overdue. A further correction would be an opportunity for those who missed the rally in the past few months. The markets could get a reality check next year and consolidate before the next big movement. I still believe PM Modi will not fritter away his mandate and deliver on his promise, albeit with a delay, writes Ambareesh Baliga. Article