Indian shares fall for second day; Bharti Airtel, ICICI Bank hit
MUMBAI Feb 1 (Reuters) - Indian shares fell for the second day on Friday led by declines in Bharti Airtel after its December quarter results missed estimates by a wide margin, while ICICI Bank fell on profit booking, after rising 4.65 percent in January.
Bharti Airtel provisionally ended down 3.2 percent, while ICICI Bank ended 1.8 percent lower.
The BSE index provisionally closed down 0.53 percent, while the 50-share NSE index ended down 0.5 percent. (Reporting by Abhishek Vishnoi; Editing by Gopakumar Warrier)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Surprise Rate Cut
The Reserve Bank of India (RBI) lowered its policy repo rate by 25 basis points to 7.5 percent on Wednesday, its second inter-meeting cut this year on the back of easing inflation and what it said was the "weak state" of parts of the economy. Full Article