BSE Sensex falls; ICICI Bank earnings key

Thu Jan 31, 2013 10:45am IST

A trader looks at a screen at a stock brokerage firm in Mumbai March 7, 2008. REUTERS/Arko Datta/Files

A trader looks at a screen at a stock brokerage firm in Mumbai March 7, 2008.

Credit: Reuters/Arko Datta/Files

Related Topics

Stocks

   

Reuters Market Eye - The BSE Sensex is down 0.23 percent and the 50-share Nifty is down 0.15 percent. Trading is expected to remain volatile as Thursday is last day of derivatives expiry when traders roll over derivatives position to February series.

ICICI Bank Ltd(ICBK.NS) shares down 0.75 percent ahead of December quarter earnings. Barclays has upgraded it to 'overweight' from 'equalweight' on positive credit quality outlook.

Colgate Palmolive India Ltd(COLG.NS) shares fall 2 percent after reporting lower-than-expected volume growth at 8 percent, the lowest in the past 15 quarters.

However, Power Finance Corp Ltd (PWFC.NS) shares gain 2.6 percent after reporting a sharp improvement in margins in the October-December quarter earnings.

Indexes are heading for a third straight month of gains, the longest winning run since September 2010 when indexes gained 4 months in a row.

(Reporting by Manoj Dharra)

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

REUTERS SHOWCASE

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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