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MARKET EYE-Indian shares fall; technology stocks hit
December 17, 2012 / 9:29 AM / 5 years ago

MARKET EYE-Indian shares fall; technology stocks hit

* The BSE index is down 0.33 percent while the NSE
index falls 0.34 percent.   
* Tata Consultancy Services falls 3 percent on caution
ahead of a scheduled meeting between the management and analysts
later in the day amid concerns the software services provider
will deliver a downcast view on the sector. 
* Infosys falls 0.6 percent.
* However, some interest-rate sensitive stocks gain ahead of the
central bank's policy review on Tuesday.
* Although RBI is not expected to ease policy then, traders say
it could cut the cash reserve ratio or sound more dovish on
inflation. 
* Rate-sensitive stocks such as State Bank of India gains 1
percent while the ICICI Bank is up 0.8 percent.
* Tata Motors gains 0.8 percent, up for a third day on
JLR's November sales. 

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

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