MARKET EYE-Indian shares fall; Tata Motors hit

Thu Jan 24, 2013 10:06am IST

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Stocks

   

* The BSE index was down 0.18 percent and the 50-share
NSE index fell 0.28 percent.
* Shares in Tata Motors fell 7.5 percent a day after
the company said its unit Jaguar Land Rover (JLR) was likely to
report lower EBITDA margin in the October-December quarter.
 
* Reliance communication shares slid 3 percent a day
after its consolidated net profit fell 44 percent,
sharper-than-expected at 1.05 billion rupees for December
quarter. 
* However, broader losses in indices were capped by gains in Oil
and Natural Gas Corp Ltd that rose 3.5 percent as the
oil ministry is expected to soon recommend a revision in local
gas prices. Oil India gained 1.7 percent.
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