February 11, 2013 / 4:53 AM / 5 years ago

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

* The BSE index is down 0.09 percent and the 50-share
NSE index is also down 0.15 percent. 
* With the Lunar New Year holiday shutting most Asian financial
centres, including those in Japan, China, Hong Kong, Singapore
and South Korea, trading was light and potentially volatile on
those exchanges that remained open.  
* ITC falls 1.6 percent on profit-taking, while banking
stocks such as ICICI Bank fell on continued concerns
on India's economic growth after government estimates on Friday
showed India's FY13 growth could be worse than expected.
* Traders say chances of a relief rally look bright as India's
benchmark index fell for a seventh day to mark its
biggest losing streak since November, 2011, on Friday. 

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

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