MARKET EYE-India shares mixed; rate-sensitive stocks hit

Wed Jan 16, 2013 10:33am IST

Related Topics

Stocks

   

* The BSE index and the NSE index trading flat
as of 0446 GMT.
* Interest rate-sensitive stocks fall, with Tata Motors Ltd
 down 2.3 percent and ICICI Bank down 0.9
percent, after the central bank chief was reported by media as
saying inflation was "still quite high", denting hopes of a 50
basis points rate cut this month.
*  "It is a decline from the peak, but it is still quite high,"
Subbarao was quoted by Dow Jones Newswires as saying about the
December data in an address to management students in the
northern city of Lucknow on Tuesday. 
* Shares of software services exporters fall on profit-booking
after stronger-than-expected earnings boosted the shares in
recent sessions. 
* Infosys Ltd fall 0.5 percent and Tata Consultancy
Services is down 1.3 percent.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.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

REUTERS SHOWCASE

Press Event

Press Event

Modi takes tea, but no questions, in first press event as PM.  Full Article 

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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