MARKET EYE-India shares fall; BHEL hit, oil cos give up gains

Thu Jan 10, 2013 2:54pm IST

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* The BSE index down 0.2 percent and the NSE index
 0.22 percent lower, led by a fall in capital goods
companies, including BHEL, on project worries.
* Bharat Heavy Electricals Ltd shares fall 2 percent
and Indiabulls Power Ltd down 4.1 percent after
Barclays Capital and Citigroup raised concerns over two thermal
power projects the two companies were involved in.
 
* Shares in state-run oil firms, including Oil & Natural Gas
Corp, pared earlier gains on Thursday after some
analysts said a rally sparked by hopes of diesel price hike was
overdone. 
* HPCL falls 2.11 percent after gaining 2.8 percent
earlier in session, while Bharat Petroleum Corp is
down 0.12 percent after gaining 2.63 percent, while Oil and
Natural Gas Corp still up 3 percent.         

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
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