Indian shares fall for 8th day; financials decline
MUMBAI Feb 11 (Reuters) - Indian shares fell on Monday for an eighth consecutive session to mark its longest losing streak since May 2011 as ONGC retreated ahead of its quarterly results, while financial stocks fell on concerns about slowing economic growth at a time of sticky inflation.
Oil and Natural Gas Corp Ltd provisionally fell 1.9 percent ahead of its October-December results due later in the day. Housing Development Finance Corp Ltd ended down 1.2 percent.
The BSE index provisionally fell 0.14 percent, marking its lowest close since Dec. 31, 2012. The 50-share NSE index ended down 0.11 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
- Tweet this
- Share this
- Digg this
- Twelve-hour cease-fire takes effect between Israel, Gaza militants
- India threatens to derail WTO deal, prompts angry U.S. rebuke
- 'Weird Al' Yankovic still trying to wrap head around No. 1 album
- Amazon's far-reaching ambitions, lack of profits, unnerve investors |
- Israel rejects Gaza ceasefire plan, wants changes - govt source
A 12-hour humanitarian truce went into effect on Saturday after Israel and Palestinian militant groups in the Gaza Strip agreed to a U.N. request for a pause in fighting and efforts proceeded to secure a long-term cease-fire moved ahead. Full Article
Amazon's far-reaching ambitions, lack of profits, unnerve investors Full Article