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MARKET EYE-Indian shares fall; ICICI Bank, ONGC decline
May 30, 2013 / 4:27 AM / 4 years ago

MARKET EYE-Indian shares fall; ICICI Bank, ONGC decline

* India's main BSE index falls 0.18 percent and the
broader NSE index is down 0.27 percent, heading for a
second day of falls ahead of the expiry of May derivatives
contracts later in the day. 
* Asian shares and the dollar were pressured on Thursday,
undermined by an overnight pullback in global equities as
investors assessed the implications of a potential softening of
the Federal Reserve's massive monetary stimulus programme.
 
* Lenders such as ICICI Bank Ltd decline 1.9 percent
on caution ahead of quarterly economic growth data on Friday.
* India's state-run explorer Oil & Natural Gas Corp 
falls 2.1 percent after it reported a higher-than-expected 40
percent slump in quarterly profit, as higher taxes, write-offs
for dry wells and additional depreciation offset rising sales.
 
* However, shares in Tata Motors Ltd gain 3.7 percent
after its quarterly earnings beat estimates, helped by
better-than-expected margins at unit Jaguar Land Rover Ltd
. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)

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