Indian shares fall for a second day; HDFC, ITC decline
MUMBAI Feb 22 (Reuters) - Indian shares fell on Friday, marking a second straight day of losses, led by declines in HDFC after Goldman Sachs downgraded the stock to "sell" from "neutral", while ITC fell on fears of a hike in excise duty in the upcoming federal budget.
Housing Development Finance Corporation provisionally fell 1.85 percent, while ITC Ltd ended 1.65 percent lower.
The BSE index provisionally fell 0.08 percent, while the 50-share NSE index ended down 0.07 percent. (Reporting by Abhishek Vishnoi; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
- Missing jet may have strayed toward Andaman Sea - Malaysian air force
- Fannie, Freddie shares tumble on Senate proposal for wind-down
- "Small, encouraging signs" in Michael Schumacher's condition - agent
- UPDATE 3-Thousands clash with police as Turkish teenager buried
- Putin's Ukraine actions may knock Russia's central bank off course
India's flagging economy delivered rare good news on Wednesday with a slight expansion of industrial production and further cooling in consumer prices, offering some respite to the ruling coalition before next month's general election. Article | Expert views