Reuters logo
Indian shares snap 6-day winning streak; L&T falls
November 8, 2012 / 10:12 AM / 5 years ago

Indian shares snap 6-day winning streak; L&T falls

MUMBAI, Nov 8 (Reuters) - India’s main indexes fell on Thursday, retreating from near 4-1/2 week highs, as recent out-performers such as Larsen & Toubro were hit by profit-taking on worries about budget negotiations in the United States and about Europe’s economic troubles.

However Tata Motors rose a provisional 5.4 percent a day after the auto maker reported that July-September margins at its key Jaguar Land Rover (JLR) subsidiary improved from a year ago.

The BSE index provisionally fell 0.3 percent, snapping a six-session winning streak. The 50-share NSE index ended down 0.37 percent. Both indexes had hit their highest in nearly 4-1/2 weeks on Wednesday.

Larsen & Toubro provisionally fell 2 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below