MARKET EYE-India shares flat; defensives gain

Tue Feb 19, 2013 2:16pm IST

Related Topics

Stocks

   

* The BSE index is up 0.06 percent while the 50-share
NSE index is higher 0.08 percent, with weak Asian stocks
weighing on investor sentiment. 
* Broader losses in indexes were capped by gains in
underperforming defensives shares such as Hindustan Unilever
 and pharma companies such as Cipla Ltd.
* Hindustan Unilever gains 1.4 percent after falling 10.4
percent this year as on Monday's close, while Cipla rises 2
percent after falling 8.32 percent this year. 
* Bharti Airtel Ltd falls 2.4 percent while Idea
Cellular Ltd is down 1.4 percent.
* Mobile operators fall after wireless broadband airwave holders
were allowed to provide voice services by paying additional fee,
a move that is seen benefiting 4G licence holder Reliance
Industries Ltd, but leading to more competition in the
sector. 

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.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

Sino-Indian Ties

REUTERS SHOWCASE

India-China Relations

India-China Relations

India and China look to put knotty relations on new footing.  Full Article 

Importing Iron Ore

Importing Iron Ore

As mining curbs bite, India offers market to glut-hit iron ore.  Full Article 

Lower Output

Lower Output

IOC cuts refinery output as rains hit fuel demand - source.  Full Article 

Drug Approval

Drug Approval

Epirus, Ranbaxy win India approval for arthritis drug copy.  Full Article 

Farming and Technology

Farming and Technology

Climate smart farmers get tech savvy to save India's bread basket.  Full Article 

Rajan Speaks

Rajan Speaks

RBI chief Rajan says limiting reliance on foreign debt.  Full Article 

India-Vietnam Ties

India-Vietnam Ties

India tightens Vietnam defence, oil ties ahead of China Xi's visit.  Full Article 

Debt & Equity Deal

Debt & Equity Deal

KKR to lend $175 million to GMR Infrastructure - source.  Full Article 

Preparing for IPO

Preparing for IPO

Alibaba boosts IPO as demand strengthens.  Full Article 

Reuters India Mobile

Reuters India Mobile

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