MARKET EYE-Indian shares fall; banks retreat ahead of RBI review

Tue Jan 29, 2013 10:13am IST

Related Topics

Stocks

   

* The BSE index is down 0.14 percent and the 50-share
NSE index is down 0.07 percent.   
* Some doubts creeping in about whether the RBI will indeed cut
the repo rate by 25 bps as widely expected after a central bank
report on Tuesday noted sustained fiscal consolidation was
needed to create room for monetary easing. 
* State Bank of India falls 0.2 percent, while HDFC
Bank Ltd is down 0.9 percent. 
* Among other rate-sensitive stocks, Tata Motors Ltd 
falls 1.2 percent, while real estate developer DLF Ltd 
is down 1.1 percent.
* However, Axis Bank Ltd gains 3.2 percent as dealers
cite good demand for its share sale of up to $1 billion.
 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
FILED UNDER:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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