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

Fri Jan 4, 2013 10:20am IST

Related Topics

Stocks

   
A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* 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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Market Eye

REUTERS SHOWCASE

Coal Block Allocation

Coal Block Allocation

Government urges Supreme Court to not cancel some 'illegal' coal mines  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit  Full Article 

HSBC PMI

HSBC PMI

Factory activity expands at slower clip in August.  Full Article 

Market Outlook

Market Outlook

Indian shares headed for correction, but outlook strong - BofA Merrill.  Full Article 

India Infrastructure

India Infrastructure

RBI rule handicaps India's infrastructure hopes  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past  Full Article 

China Economy

China Economy

Retreat in China's PMIs heightens calls for policy easing.  Full Article 

Reuters India Mobile

Reuters India Mobile

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