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)
- Tweet this
- Share this
- Digg this
- Xi sees factory China and back office India as global engine
- Fed could hint on rate-hike plans as it prepares for policy turn
- Google launches $105 Android One; eyes low-price smartphone boom
- Pakistani Islamists use floods to turn opinion against India
- Delayed retreat of monsoon rains to start this weekend
A combination of the "world's factory" and the "world's back office" will drive global economic growth, Chinese President Xi Jinping said ahead of a rare visit to India on Wednesday, playing down mistrust that has kept the Asian giants apart. Full Article
China cenbank injects $81 bln into major banks to support economy - reports Full Article