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:
  • Most Popular
  • Most Shared

Pending Reform

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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