MARKET EYE-Indian shares extend fall; DLF, Dr Reddy's down

Fri Feb 15, 2013 2:00pm IST

Related Topics

Stocks

   

* The BSE index is down 0.42 percent, after earlier
touching its lowest in 2013 intraday. The 50-share NSE index
 down 0.54 percent, after earlier hitting its lowest
since Dec. 26, 2012.   
* Shares in DLF Ltd fell as much as 3.9 percent a day
after India's largest listed real estate developer reported a
net profit of 2.85 billion rupees, which missed market
expectations.  
* Dr. Reddy's Laboratories , India's No.2
drugmaker by sales, falls 2.3 percent after it reported a
larger-than-expected 29.2 percent drop in quarterly net profit
on Thursday. 
* Bank of America Merrill Lynch downgraded its rating on Dr.
Reddy's to "neutral" from "buy". 
* Siemens Ltd falls 1.3 percent, heading towards a
second day of losses after India Index Services & Products Ltd
said on Wednesday it would be removed from the NSE's 50-stock
main index from April 1. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage