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MARKET EYE-Indian shares fall; banks down on profit-taking
December 21, 2012 / 4:47 AM / 5 years ago

MARKET EYE-Indian shares fall; banks down on profit-taking

* The BSE index falls 0.73 percent and the NSE index
 is down 0.82 percent, tracking weak Asian markets.   
* The fall in shares track lower Asian markets after a
Republican proposal to fend off a U.S. fiscal crunch failed to
get enough support, deepening uncertainty over prospects for the
negotiations to avert automatic spending cuts and tax increases
set to start in January. 
* Bank stocks fall on profit-taking after recent gains were seen
as overdone: State Bank of India falls 0.81 percent,
while ICICI Bank is down 0.73 percent.

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

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