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Indian shares fall ahead of rate decision; tech stocks hit
December 17, 2012 / 10:09 AM / 5 years ago

Indian shares fall ahead of rate decision; tech stocks hit

MUMBAI, Dec 17 (Reuters) - Indian shares fell on Monday, led by declines in technology stocks such as Tata Consultancy Services 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.

Tata Consultancy Services provisionally fell 3 percent, while Infosys ended 0.9 percent lower.

The BSE index provisionally fell 0.38 percent, while the 50-share NSE index ended down 0.39 percent.

However, rate-sensitve stocks such as State Bank of India NS> rose 0.9 percent, ahead of the RBI’s meet on Tuesday, on hopes of a cut in cash reserve ratio. (Reporting by Abhishek Vishnoi; Editing by Sunil Nair)

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