Dec 12 Indian shares fell on Tuesday, snapping three straight sessions of gains, as oil marketers slid after brent crude jumped to over two-year highs, and as banking stocks declined following three consecutive sessions of rises.
Dec 12 Indian shares edged down on Tuesday on investor caution higher global crude oil prices would stoke inflation and impact future interest rate decisions by the country's central bank, with oil marketers and bank stocks weighing on the broader NSE index.
** Oil marketers Hindustan Petroleum Corp Ltd, Bharat Petroleum Corp Ltd and Indian Oil Corporation Ltd fall as much as 2.10-2.90 pct
** Dr. Reddy's Laboratories Ltd rises as much as 6.1 pct to 2326.40 rupees, its highest since Nov 23
** Goldman Sachs upgrades State Bank of India and Punjab National Bank; reiterates "buy" on HDFC Bank and ICICI Bank
Dec 11 Indian shares closed higher for the third successive session on Monday, boosted by gains in IT and public sector bank stocks, as investors remained bullish on the outcome of a possible victory for the ruling Bharatiya Janata Party in the western state of Gujarat.
* Potential ruling party win in state poll factored in - analyst
** Property developer Unitech Ltd jumps as much as 19.2 pct to 8.7 rupees, highest since Aug. 8
** Shares of real-estate giant Unitech Ltd climb nearly 14 pct to 6.95 rupees
** Future Consumer Ltd surges as much as 15.5 pct to 67.7 rupees, its highest since Oct 11
Nifty Most Actives
NEW DELHI India's retail inflation in November breached the Reserve Bank of India's medium-term target of 4 percent, which could put pressure on it to raise policy rates in 2018.