Sensex falls; rate-sensitive stocks hit

Wed Jan 16, 2013 11:23am IST

People watch a news channel displayed on a large screen on the facade of the Bombay Stock Exchange building, February 28, 2007. REUTERS/Arko Datta/Files

People watch a news channel displayed on a large screen on the facade of the Bombay Stock Exchange building, February 28, 2007.

Credit: Reuters/Arko Datta/Files

Related Topics

Stocks

   

Reuters Market Eye - The Sensex falls around 0.3 percent. Interest rate-sensitive stocks fall, with Tata Motors Ltd (TAMO.NS) down 2.3 percent and ICICI Bank (ICBK.NS) down 0.9 percent, after the RBI 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 (INFY.NS) fall 0.5 percent and Tata Consultancy Services (TCS.NS) is down 1.3 percent.

(Reporting by Abhishek Vishnoi)

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

Shortage of Coal

Shortage of Coal

Coal import rush leads to port congestion  Full Article 

Modi's U.S. Visit

Modi's U.S. Visit

Modi to observe strict fast during maiden trip to U.S.  Full Article 

Mars Mission

Mars Mission

India's Mars mission a step closer to success with engine test  Full Article 

Bumper Sales

Bumper Sales

Apple sells more than 10 mln new iPhones in first three days  Full Article 

Dubai Housing

Dubai Housing

Dubai housing costs soar to Manhattan peaks, forcing moves to outskirts  Full Article 

Whistleblower Award

Whistleblower Award

U.S. SEC to pay $30 million-plus in largest whistleblower award  Full Article 

Reuters India Mobile

Reuters India Mobile

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