MUMBAI Feb 7 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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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column