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)
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Indian conglomerate Larsen & Toubro said on Monday revenue totalled 191.23 billion Indian rupees ($3.2 billion) in the first quarter, beating analyst forecasts, after a rise in orders from international clients. Full Article