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5 years ago
RPT-MARKET EYE-Indian shares off highs after weak factory data
November 12, 2012 / 7:18 AM / 5 years ago

RPT-MARKET EYE-Indian shares off highs after weak factory data

(Repeats for additional subscribers with no changes to text)
* The BSE index and the NSE index trade flat,
coming off highs after data showing weaker-than-expected
industrial output in September. 
* Capital good stocks fall after the manufacturing output
sub-index contracts 1.5 percent from a year ago: Larsen & Toubro
 down 0.4 percent and Punj Lloyd falls 1.3
percent.
* Tata Steel falls 1.7 percent after posting on Friday
an unexpected net loss in the July-September quarter and warning
it did not expect an improvement any time soon due to weak
market conditions. 
* But State Bank of India gains 0.9 percent, recovering
after slumping 3.9 percent on Friday when the lender posted an
increase in non-performing loans during the July-September
quarter. 

 (manoj.dharra@thomsonreuters.com)

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