MARKET EYE-Indian shares fall on weak Asian markets; oil stocks up

Fri Jan 4, 2013 10:20am IST

Related Topics

Stocks

   

* The BSE index falls 0.29 percent, while the NSE index
 is down 0.34 percent.  
* Asian shares fell on Friday, tracking overnight weakness in
global equities after senior Federal Reserve officials expressed
concerns about continuing to expand stimulative bond buying, but
the dollar extended gains as U.S. debt yields rose.
* Stocks also fall on profit-taking ahead of the weekend, with
Housing Development Finance Corp down 1.3 percent
while Tata Motors is down 1.1 percent.
* However, state-owned oil companies gain on expectations the
government could soon raise diesel prices, dealers say.
* A government official last month was quoted in local media
reports as saying the petroleum ministry has proposed a gradual
rise in diesel prices, by 1 rupee a litre every month over a
10-month period. 
* Indian Oil Corp is up 5.9 percent, Hindustan
Petroleum Corp gains 4 percent, while Bharat Petroleum
Corp is up 3.2 percent.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:

Monetary Policy Committee

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage