MARKET EYE-Indian midcap shares fall

Fri Feb 15, 2013 3:21pm IST

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A statue of the Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* Indian midcap shares fall on a mix of disappointing earnings
and worries about the economic outlook. 
* Analysts expect midcap shares to remain weak until risk
sentiment improves.
* Suzlon Energy Ltd falls 8.5 percent after the wind
turbine maker said its quarterly net loss had widened to 11.55
billion rupees. 
* United Breweries (Holding) Ltd shares down 5
percent. UB Group, the parent of debt-laden Kingfisher Airlines
, said it was in talks with lenders to the carrier to
cut their exposure by using proceeds from a stake sale in a
group company to Diageo Plc. 
* Voltas shares down 1.6 percent, falling for the
fourth day in row, after the company's Oct-Dec net profit missed
estimates on muted performance of the electro-mechanical
projects business which was impacted by execution delays and
Sidra project turnover booking at nil margins.   

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
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