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MARKET EYE-Indian shares fall over 1 pct on caution ahead of July-Sept earnings
October 7, 2013 / 5:25 AM / in 4 years

MARKET EYE-Indian shares fall over 1 pct on caution ahead of July-Sept earnings

* Indian shares fall over 1 percent amid caution ahead of the
July-September earnings season for blue chips, which starts on
Friday when Infosys Ltd announces its results.
* The benchmark index down 1.05 percent and the broader
NSE index lower 1.1 percent.
* Traders say weakening growth and high inflation could have
weighed on corporate earnings. 
* Banking stocks slump: ICICI Bank Ltd is down 3.1
percent, while HDFC Bank Ltd falls 2.4 percent.
* Weak Asian shares also dented the sentiment as U.S. lawmakers
showed no signs of making any progress to resolve the budget
standoff. 
* However, Apollo Tyres Ltd gains as much as 3.8
percent on growing uncertainty about the status of its $2.5
billion deal to buy U.S.-based Cooper Tire & Rubber Co.
 

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

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