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
- Google launches new email service dubbed "Inbox"
- Lax security in focus after attack at Canada's parliament
- U.S.-led air strikes killed 521 fighters, 32 civilians in Syria - monitor
- India hope to get boxer Sarita Devi's suspension reversed
- Motor racing-Caterham F1 factory closed, team's fate in the balance
India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth largest coal reserves, a source familiar with the matter said. Full Article