Indian shares fall for 6th day; banks, Cipla decline
MUMBAI Feb 7 (Reuters) - Indian shares fell on Thursday, to their lowest close in one-and-a-half months, led by a decline in banking stocks, after government estimates showed India's FY13 growth could be worse than expected, while Cipla fell after its October-December net profit missed estimates.
ICICI Bank Ltd provisionally fell 0.8 percent, while Cipla Ltd ended 2.4 percent lower.
The BSE index provisionally fell 0.26 percent, while the 50-share NSE index ended down 0.31 percent. (Reporting by Abhishek Vishnoi; Editing by Anand Basu)
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The recent market correction was overdue. A further correction would be an opportunity for those who missed the rally in the past few months. The markets could get a reality check next year and consolidate before the next big movement. I still believe PM Modi will not fritter away his mandate and deliver on his promise, albeit with a delay, writes Ambareesh Baliga. Article