MARKET EYE-Indian shares fall; Cipla, NTPC slide down

Thu Feb 7, 2013 10:14am IST

Related Topics

Stocks

   

* The BSE index falls 0.1 percent, and the 50-share NSE
index also down 0.07 percent.
* Shares in India's Cipla Ltd fall 1.8 percent, a day
after the company's October-December net profit missed
estimates. 
* Morgan Stanley and CLSA also downgrade their ratings on Cipla,
citing lower-than-expected margins and earnings outlook.
 
* State-run power utility NTPC Ltd's shares fell 1.2
percent after the floor price of its share sale, scheduled later
in the day, was set at 145 rupees, or a 4.5 percent discount to
its Wednesday's close. 
* Investors continue to remain cautious ahead of the 2013/14
federal budget to be announced later this month, which is seen
as a key test of commitments to shore up finance. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.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

India Economy

REUTERS SHOWCASE

Reliance Projects

Reliance Projects

Exclusive: Reliance plans $13 billion projects including new refinery.  Full Article 

Chopper Deal

Chopper Deal

India nears $2.5 billion deal for Boeing military helicopters.  Full Article 

Coal Scam

Coal Scam

CBI drops coal scam case against Kumar Mangalam Birla.  Full Article 

Low Stocks

Low Stocks

Indian power station coal stocks lowest since 2012 blackouts.  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Google Drones

Google Drones

Google is testing unmanned drones to deliver anything from dog food to medicine.  Video 

#RiceBucketChallenge

#RiceBucketChallenge

In India, rice replaces ice in bucket challenge.  Full Article 

Reuters India Mobile

Reuters India Mobile

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