MARKET EYE-Indian shares fall; banks, telecom stocks down

Wed Jan 16, 2013 2:51pm IST

Related Topics

Stocks

   
A statue of the Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* The BSE index down 0.32 percent , while the NSE index
 falls 0.4 percent. 
* Interest rate-sensitive stocks fall, with ICICI Bank 
down 1.4 percent, while State Bank of India falls 1.2
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. 
* Telecom stocks fall on profit-booking after a substantial rise
in January, as of Tuesday's close.
* Idea Cellular falls 3.9 percent, while Reliance
Communications is down 4 percent.
*  Shares in Reliance Industries gain 2.4 percent
after rival Essar Oil Ltd said it swung to a net
profit in the October-December quarter, with gross refining
margins at a healthy $9.75 a barrel. 
 

 (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

GDP Preview

GDP Preview

Indian economy warms in after-glow of Modi's triumph   Full Article 

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Jan Dhan Yojna

Jan Dhan Yojna

Modi: Banking for all to end "financial untouchability".  Full Article 

Reuters Poll

Reuters Poll

Economy likely grew faster in June quarter  Full Article 

Tracking Monsoon

Tracking Monsoon

Monsoon forecast to be better for crops next week  Full Article 

Reuters India Mobile

Reuters India Mobile

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