MARKET EYE-Indian shares down, BHEL extends fall

Tue Feb 5, 2013 10:26am IST

Related Topics

Stocks

   

*  The BSE index falls 0.38 percent, and the 50-share
NSE index also down 0.4 percent.
* Jain Irrigation Systems Ltd fall 8.6 percent a day
after the company reported a net loss of 311.7 million rupees in
December quarter. 
* Jain Irrigation's business model has been "plagued" with two
key issues over 12-18 months such as delayed government
receivables and increasing leverage, brokerage IDFC said in a
note.    
* Jubilant Foodworks Ltd shares fall 7.8 percent,
after its December quarter same store sales grew by 16 percent
versus expectations of 20 percent. 
* Bharat Heavy Electricals shares down 2.6 percent,
extending fall after its October-December earnings on Friday
disappointed investors. 
* However, Oil and Natural Gas Corp Ltd shares gain
0.6 percent after Morgan Stanley raised its rating to
"overweight" from "equalweight", citing benefits from the recent
government reforms on fuel prices. 
    

 (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

Shares Hit Record

Sensex, Nifty rise to second consecutive record high

Sensex surges 500 points on BOJ easing, L&T gains

The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro.  Full Article 

REUTERS SHOWCASE

Wilful Negligence?

Wilful Negligence?

SEBI piles pressure on Sahara to sell overseas hotels  Full Article 

Indian Economy

Indian Economy

India's fiscal deficit in H1 almost 83 pct of full-year target.  Full Article 

M&M Earnings

M&M Earnings

M&M Q2 net profit down 4 percent, hit by poor monsoon.  Full Article 

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Reuters India Mobile

Reuters India Mobile

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