Indian shares fall; RBI cautious on further easing
MUMBAI Jan 29 (Reuters) - Indian shares fell on Tuesday, led by a drop in rate-sensitive stocks such as HDFC Bank, after India's central bank lowered its key policy rate, but struck a cautious note on further easing as it waits to see how the government controls its fiscal deficit.
HDFC Bank provisionally fell 2.65 percent, while State Bank of India ended 1.19 percent lower.
The BSE index provisionally fell 0.57 percent, while the 50-share NSE index ended down 0.41 percent. (Reporting by Abhishek Vishnoi; Editing by Anand Basu)
- Tweet this
- Share this
- Digg this
- UPDATE 1-Teen who stowed away on flight to Hawaii remains hospitalized
- REFILE-Divers feel with their hands for corpses in cold depths of South Korean ferry
- Comcast nears deal with Charter on $18-$20 bln in divestitures -source
- Rupee weakens past 61/dollar to one-month low
- Malaysia flight's co-pilot tried to make cellphone call - report