MARKET EYE-Indian shares fall; ICICI bank slips

Thu Jan 31, 2013 1:39pm IST

Related Topics

Stocks

   

* The BSE index and the 50-share NSE index fall 0.4 percent each. * ICICI Bank Ltd shares fall 1.3 percent, after earlier hitting its highest since Nov. 16, 2010, on profit-taking after the private sector bank posted a forecast-beating 30.2 percent rise in third quarter net profit. * ICICI bank shares have risen 6.5 percent this month as of Wednesday's close on hopes of rate cut and better earnings. * However, state-owned banks, which have cheaper valuations than private sector peers, rally after reporting improved asset quality in the October-December quarter. * Punjab National Bank shares gain 6.5 percent, while Union Bank of India shares are up 5 percent after their earnings results. (manoj.dharra@thomsonreuters.com; manoj.dharra.thomsonreuters.com@reuters.net)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

FRESH RULES

A man speaks on his mobile phone in front of the Reserve Bank of India (RBI) seal at the RBI headquarters in Mumbai July 30, 2013. REUTERS/Vivek Prakash/Files

RBI says all companies must apply 2-step payments for credit cards

The Reserve Bank of India said that all transactions involving domestic credit cards must follow rules requiring additional verification, a stance that could impact companies such as Uber Technologies Inc that provide more simple app-based purchases.  Full Article 

REUTERS SHOWCASE

Record Highs

Record Highs

Nifty touches record high; software stocks gain.  Full Article 

New Adviser

New Adviser

Arvind Subramanian likely to be chief econ adviser.  Full Article 

Pricing Mechanism

Pricing Mechanism

Govt sets up a four-member panel to re-examine gas pricing.  Full Article 

Royalty Rates

Royalty Rates

India to hike iron ore royalty, miners may struggle to pass on extra cost.  Full Article 

Diesel Deregulation

Diesel Deregulation

Oil ministry to seek Cabinet nod on diesel deregulation - sources  Full Article 

Commodities

Commodities

Gold near two-month low; set for weekly drop on interest rate fears  Full Article 

Reuters Exclusive

Reuters Exclusive

Apple iPhone 6 screen snag leaves supply chain scrambling   Full Article 

Helping Regional Mills

Helping Regional Mills

Govt raises sugar import duty to 25 pct from 15 pct.  Full Article 

Curbing Risks

Curbing Risks

RBI to lower ceiling on bank loans to a single corporate group.  Full Article 

Reuters India Mobile

Reuters India Mobile

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