MARKET EYE-Indian shares down; defensives gain

Tue Jan 8, 2013 1:56pm IST

Related Topics

Stocks

   

* The BSE index down 0.16 percent and the NSE index
 down 0.27 percent.
* Larsen & Toubro shares fall 1.5 percent. Citigroup
and Barclays downgraded the engineering conglomerate on concerns
over order cancellations and weak investment cycle.
 
* Traders say market is consolidating and likely to remain in a
narrow range until outcome of industrial output and Infosys
earnings due on Friday.
* Infosys down 1.9 percent on caution ahead of
earnings.    
* However, defensive stocks up: Index heavyweight ITC Ltd (RIC)
gains 2 percent after falling 3.9 percent last month and 2.7
percent so far in January. The cigarette maker surged 42.47
percent last year.
* Cipla gains 1.4 percent while Dr Reddy's
Laboratories up 1 percent.
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

Drug Pricing

REUTERS SHOWCASE

Modi Speaks

Modi Speaks

PM Modi says al Qaeda will fail in India - CNN.  Full Article 

Price Cap

Price Cap

India caps prices of 36 more drugs to improve access - govt official.  Full Article 

India-US Diplomacy

India-US Diplomacy

Obama to nominate Indian-American Richard Verma as India ambassador - congressional source.  Full Article 

Importing Rice

Importing Rice

Top rice exporter India importing over 100,000 T on temporary supply squeeze.  Full Article 

GSK Fined

GSK Fined

China hands drugmaker GSK record $489 mln fine, sentences executives.  Full Article 

HMT in Demand

HMT in Demand

Fans rush to HMT as watchmaker marks time.  Full Article 

Reuters India Mobile

Reuters India Mobile

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