* 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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The government has turned down the military's request to expand the acquisition of 36 fighter planes from Dassault Aviation SA to plug vital gaps, officials said, nudging it to accept an indigenous combat plane 32 years in the making. Full Article