MUMBAI Feb 7 Indian shares fell on Thursday, to their lowest close in one-and-a-half months, led by a decline in banking stocks, after government estimates showed India's FY13 growth could be worse than expected, while Cipla fell after its October-December net profit missed estimates.
ICICI Bank Ltd provisionally fell 0.8 percent, while Cipla Ltd ended 2.4 percent lower.
The BSE index provisionally fell 0.26 percent, while the 50-share NSE index ended down 0.31 percent. (Reporting by Abhishek Vishnoi; Editing by Anand Basu)
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With the crucial GDP data scheduled to be announced along with key corporate results, volatility is expected to prevail in the upcoming week. Disappointment on these fronts may push the Nifty down to the 7,200-7,500 range. Once we witness stability and consolidation, investors should increase their exposure, says Ambareesh Baliga. Full article