February 15, 2013 / 8:34 AM / 5 years ago

MARKET EYE-Indian shares extend fall; DLF, Dr Reddy's down

* The BSE index is down 0.42 percent, after earlier
touching its lowest in 2013 intraday. The 50-share NSE index
 down 0.54 percent, after earlier hitting its lowest
since Dec. 26, 2012.   
* Shares in DLF Ltd fell as much as 3.9 percent a day
after India's largest listed real estate developer reported a
net profit of 2.85 billion rupees, which missed market
expectations.  
* Dr. Reddy's Laboratories , India's No.2
drugmaker by sales, falls 2.3 percent after it reported a
larger-than-expected 29.2 percent drop in quarterly net profit
on Thursday. 
* Bank of America Merrill Lynch downgraded its rating on Dr.
Reddy's to "neutral" from "buy". 
* Siemens Ltd falls 1.3 percent, heading towards a
second day of losses after India Index Services & Products Ltd
said on Wednesday it would be removed from the NSE's 50-stock
main index from April 1. 

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

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