MARKET EYE-Indian shares down; banks drop

Thu Feb 21, 2013 9:59am IST

Related Topics

Stocks

   

* The BSE index falls 0.86 percent and the 50-share NSE
index slips 0.82 percent.
* Domestic shares fall in line with weak global shares that fell
 on market talk that a hedge fund had been liquidating large
positions in commodities, as well as worries the Federal Reserve
could slow its bond buying program. 
* The MSCI's broadest index of Asia-Pacific shares outside Japan
 tumbles 1.8 percent, Hong Kong shares 
slides 1.6 percent while Tokyo's Nikkei stock average 
falls 1.26 percent.
* Bank shares lead the falls a day after RBI data showed that
loan growth continues to remain a concern. ICICI Bank 
shares fall 1.6 percent while State Bank of India falls
0.8 percent.
* Banks' advances grew 8.7 percent so far this fiscal year,
compared with 11.2 percent a year earlier, while deposit growth
was 7.8 percent compared with 11.4 percent in the same period a
year earlier. 
* Shriram Transport Finance Co Ltd shares sink 7
percent after U.S. private equity firm TPG Capital 
planned to sell part of its stake in the company to raise about
$300 million, according to a term sheet seen by
Reuters. 

 (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

COAL SCAM

REUTERS SHOWCASE

Reliance Projects

Reliance Projects

Exclusive: Reliance plans $13 billion projects including new refinery.  Full Article 

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Low Stocks

Low Stocks

Indian power station coal stocks lowest since 2012 blackouts.  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Google Drones

Google Drones

Google is testing unmanned drones to deliver anything from dog food to medicine.  Video 

#RiceBucketChallenge

#RiceBucketChallenge

In India, rice replaces ice in bucket challenge.  Full Article 

Reuters India Mobile

Reuters India Mobile

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