** Most analysts expect rates to be on hold, but some see outside chance of a 25 bps rate cut
The benchmark BSE index ends down 1.68 percent and the broader NSE index 1.6 percent lower on disappointing results by lenders while Coal India falls further on the government's discounted stake sale.
MUMBAI, Jan 30 - Indian shares fell more than 1.6 percent on Friday after earlier hitting a record high for a seventh session in eight, as ICICI Bank and Bank of Baroda posted disappointing results, while Coal India fell on the government's discounted stake sale.
** Delay in monetisation of key drugs such as Nexium and Copaxone, which implies low-teen FY16 EPS growth - Credit Suisse
** Shares of Geojit BNP Paribas and Man Infraconstruction Ltd surge
** Shares in India's Bharti Infratel Ltd gain as much as 3.5 pct, touch all-time high
MUMBAI, Jan 30 - Coal India Ltd shares fell 3.5 percent in pre-open trading on Friday after the government said on Thursday that it would sell shares in the coal miner at a discount.
NEW YORK - U.S. stocks enjoyed a late afternoon rally and closed higher on Thursday as an upturn in oil prices and a rally in Apple and Boeing shares helped offset some disappointing earnings and lingering questions over U.S. monetary policy.
MUMBAI, Jan 29 - India's NSE index gained 0.4 percent, rising for a tenth consecutive session, its longest winning streak since September 2007, as shares of capital goods firms rose ahead of the fiscal budget next month and oil retailers benefited from a slump in crude prices.
** HDFC's Dec-quarter net profit up 11.5 pct, almost in line with estimates
All Indian Indices
|Symb||Index||Mkt Report||Time||Last||Chg||Chg %|
|.BSESN||BSE Sensex||30 Jan 2015||29,182.95||-498.82||-1.68%|
|.NSEI||Nifty||30 Jan 2015||8,808.90||-143.45||-1.60%|
|.BSEOIL||BSE Oil & Gas||30 Jan 2015||10,143.20||-65.26||-0.64%|
|.BSEIT||BSE IT||30 Jan 2015||11,178.71||+22.27||+0.20%|
|.BSEMET||BSE Metals||23 Jan 2015||10,510.06||+89.62||+0.86%|
|.BSEFMCG||BSE FMCG||30 Jan 2015||8,275.45||-45.95||-0.55%|
|.BSECG||BSE Capital Goods||30 Jan 2015||17,095.72||-122.41||-0.71%|
|.BSEBANK||BSE Banking||30 Jan 2015||22,715.52||-737.58||-3.14%|
|.BSEREAL||BSE Realty||30 Jan 2015||1,811.36||+38.55||+2.17%|
|.BSEAUTO||BSE Auto||30 Jan 2015||19,985.90||-245.19||-1.21%|
|.BSEPOWER||BSE Power||30 Jan 2015||2,224.52||+19.33||+0.88%|
|.BSEHC||BSE Healthcare||30 Jan 2015||15,666.51||-83.30||-0.53%|
Nifty Most Actives
NEW DELHI - India's economy grew almost 50 percent faster in 2013/14 than earlier thought, the government said on Friday after changing a formula, a reminder of the challenges that unreliable statistics present to Indian policymakers.