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

Wed Jan 16, 2013 2:51pm IST

Related Topics

Stocks

   

* 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:
  • Most Popular
  • Most Shared

Insight

REUTERS SHOWCASE

Border Talks

Border Talks

India names Ajit Doval as special envoy for China border talks.  Full Article 

WTO Deal

WTO Deal

U.S. seeks to step up India trade talks  Full Article 

Phone Masts

Phone Masts

American Tower to buy Bharti Nigeria phone masts for $1.1 billion  Full Article 

Infrastructure Plan

Infrastructure Plan

India targets private cash to build railways to its ports.  Full Article 

Shadow Banking

Shadow Banking

Reserve Bank planning more measures for NBFCs.  Full Article 

Auto Sector

Auto Sector

Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets  Full Article 

Oil Prices

Oil Prices

Some fund managers see oil falling to $60 without OPEC cut.  Full Article 

Project Shelved

Project Shelved

Jindal Steel shelves $10 bln project after coal setback.  Full Article 

Market Eye

Market Eye

Sensex, Nifty rise to record after China, ECB stimulus boosts risk appetite.  Full Article 

Reuters India Mobile

Reuters India Mobile

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