MUMBAI, May 25 - Indian shares fell on Monday, tracking weaker regional shares as fears about earlier-than-expected U.S. rate hikes weighed on sentiment, while cigarette maker ITC slumped after posting lower-than-expected earnings.
India's benchmark BSE index fell 0.44 percent, while the broader NSE index was down 0.41 percent, tracking softer global shares after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year if the economy keeps improving as expected.
(Corrects name of Tata Consultancy Services) ** Shares in HCL Technologies Ltd gain 2.24 pct, head for sixth consecutive daily gain ** On course to match a six-day winning streak in late December ** HCL Tech up around 14 pct this month, recovering all of its 12.8 pct loss over March and April ** Analysts say valuations attractive ** HCL Tech trading at 17.4 forward 1-yr earnings vs 20.7 for sector leader Tata Consultancy Services Ltd as per Thomson Reuters data ($1 = 63.6
** Shares in Tata Motors Ltd fall 1.1 pct ** Traders cite caution ahead of Jan-March earnings due on Tuesday ** Earnings could disappoint on the back of Jaguar Land Rover sales in China, says an analyst at a domestic brokerage ** Thomson Reuters StarMine shows mean consensus forecasts for consolidated Jan-March net profit at 40.946 billion rupees ($643.35 million) but it does not include the latest revisions ** SmartMine Estimates, which focuses only on top-ranked analysts, pred
** India's wireless providers rise despite falls in broader indexes ** Bharti Airtel gains 1.95 pct, Idea Cellular Ltd up 1.1 pct and Reliance Communications Ltd up 2.6 pct ** Telecom Minister Ravi Shankar Prasad tells the Economic Times spectrum sharing guidelines will be taken to Cabinet by end of June (http://bit.ly/1EslWEy) (Reuters Messaging: firstname.lastname@example.org)
NEW YORK - U.S. stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street's expectations.
MUMBAI, May 22 - Indian shares rose around 0.5 percent to a five-week closing high, tracking higher Asian markets as weak U.S. economic data bolstered expectations that a U.S. interest rate hike would come only later in the year.
MUMBAI, May 22 - Indian shares rose about 0.5 percent to a four-week high on Friday after State Bank of India reported a lower-than-expected bad loan ratio and a sharp increase in profits, raising optimism about the banking sector.
** India's ITC gains as much as 1.8 pct ahead of Jan-March earnings results later in the day ** StarMine estimates show consensus net profit forecast of 25.19 bln rupees ($396 mln), a 10.6 pct increase yoy ** HDFC Securities says ITC revenue likely to grow by 5 pct to 97.40 bln rupees yoy driven by paper and cigarette segment ** ITC shares down nearly 10 pct ytd; outlook hit by govt excise duty hike announced in February ($1 = 63.6000 Indian rupees) (Reuters Messaging: rafael
** India's Oil and Natural Gas Corp up 1 pct, GAIL (India) up 0.6 pct ** India's oil ministry plans to exempt companies from giving any discount on crude and refined fuel sales if oil prices average up to $60 a barrel this quarter ** Global oil prices currently hovering at about $66 a barrel (Reuters Messaging: email@example.com)
All Indian Indices
|Symb||Index||Mkt Report||Time||Last||Chg||Chg %|
|.BSESN||BSE Sensex||12:47pm IST||27,740.19||-217.31||-0.78%|
|.BSEOIL||BSE Oil & Gas||22 May 2015||9,497.03||--||--%|
|.BSEMET||BSE Metals||12:48pm IST||9,723.64||-136.70||-1.39%|
|.BSECG||BSE Capital Goods||22 May 2015||16,653.92||--||--%|
|.BSEBANK||BSE Banking||12:48pm IST||21,119.90||-72.39||-0.34%|
|.BSEREAL||BSE Realty||12:48pm IST||1,552.30||-5.24||-0.34%|
|.BSEAUTO||BSE Auto||22 May 2015||19,178.74||--||--%|
|.BSEPOWER||BSE Power||12:48pm IST||2,047.47||-8.87||-0.43%|
Nifty Most Actives
MUMBAI - The BSE Sensex fell on Monday, tracking weaker regional shares as fears about earlier-than-expected U.S. rate hikes weighed on sentiment, while cigarette maker ITC slumped after posting lower-than-expected earnings.