MUMBAI Jan 30 India's Crompton Greaves Ltd shares fell as much as 7.84 percent after posting a loss of 1.89 billion rupees in the quarter ended December.
Morgan Stanley said in a report the earnings miss was driven by weaker-than-expected trends in the international and domestic transmission and distribution business. (Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Prateek Chatterjee)
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read