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 6-Obama warns on Crimea, orders sanctions over Russian moves in Ukraine
- Exclusive - Pimco's Gross declares El-Erian is 'trying to undermine me'
- RPT-With Crimean appeal, Putin goes head-to-head with West over Ukraine
- CEO in apparent suicide was bitcoin fan, had other issues, too
- Privacy groups ask regulators to halt Facebook's $19 billion WhatsApp deal
The Nifty rose to a record high, and the benchmark BSE Sensex hit its record for a second consecutive session, as foreign investors bet big in a country that just months ago was gripped by market turmoil. Full Article