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:

Economic Pulse

REUTERS SHOWCASE

Nifty Above 8,600

Nifty Above 8,600

Nifty hits record high above 8,600; state-run lenders gain  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster  Full Article 

Essar Group

Essar Group

Exclusive - Essar's planned oil-for-steel deal tests Iran sanctions  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Fiscal Deficit

Fiscal Deficit

April-October fiscal deficit nears 90 pct of full-year target  Full Article 

Oil Prices

Oil Prices

Oil hits new four-year low post OPEC as glut looms  Full Article 

Gold Imports

Gold Imports

Nov gold imports seen climbing on expectation of curbs   Full Article 

Reuters India Mobile

Reuters India Mobile

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