MARKET EYE-Indian shares extend fall; banks, Cipla drag

Thu Feb 7, 2013 2:36pm IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* The BSE index falls 0.17 percent, and the 50-share
NSE index also down 0.22 percent. 
* Shares extended their fall, led by a decline in banking
stocks, after preliminary data released on Thursday showed 
India's slowest growth in a decade could be worse than
anticipated as the economy is set to have grown 5.0 percent in
fiscal year ending next month. 
* ICICI Bank down 1.2 percent, while State Bank of
India drops 1 percent.
* Shares in India's Cipla Ltd fall 2.6 percent, a day
after the company's October-December net profit missed
estimates.  
* State-run power utility NTPC Ltd's shares fell 2.3
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. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
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