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MUMBAI (Reuters) The BSE Sensex eased 0.6 percent on Tuesday, a day after rallying the most in nearly 10 months, with export-focused outsourcers falling as Asian markets slipped after a firm start.Traders said the initial euphoria was waning after a $1 trillion rescue package was cobbled by the European Union and the IMF to ward off Greece's debt crisis from spreading elsewhere.Longer-term concerns, however, remained over whether Greece and some other euro zone countries with large fiscal deficits will be able to smoothly carry out fiscal austerity measures."We need measures to curb such accidents rather than later nursing the injury," said R. Ganesh, director of Systematix Shares."The way problems have shaped up from the U.S. to Greece, it is not really the right way forward," he said, referring to bailouts.Software bellwether Infosys Technologies shed 0.9 percent, while Tata Consultancy Services and Wipro dropped 1.4 percent and 1.6 percent respectively. All three companies get more than half their revenue from exports.The sector index was down 1.2 percent after rising 2.7 percent on Monday.Asian markets slipped on doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits.Leading mobile firms Bharti Airtel and Reliance Communications dropped 2.2 percent and 1 percent respectively as bids for one set of nationwide third-generation (3G) mobile spectrum licences in India reached $3 billion in an ongoing auction.Energy giant Reliance Industries, which has the highest weight on the Sensex, was down 0.4 percent at 1,075.50 rupees.Metals stocks such as Sterlite Industries and Hindalco dropped 2.1 percent and 1.9 percentrespectively after base metal prices declined in London.Tata Steel, the world's eighth-largest steel maker by output, dropped 1.5 percent.In the broader market, gainers led losers in a ratio of 1.1:1 on volume of 120 million shares.The 50-share NSE index was down 0.6 percent at 5,162.05.STOCKS ON THE MOVE* Ranbaxy Laboratories rose 1.7 percent to 462.15 rupees ahead of its March quarter result. The drug maker is expected to report a profit of 3.4 billion rupees, compared with a net loss of 7.6 billion rupees a year ago, according to a Reuters poll.* Jubilant Organosys extended gains and was up 2.4 percent at 352.20 rupees, after the drug maker said on Monday its January-March net profit soared more than 10 times.MAIN TOP 3 BY VOLUME* Reliance Natural Resources on 9.4 million shares* Talwalkars on 3.5 million shares* Suzlon Energy on 2.8 million shares(Reporting by Ami Shah; Editing by Ranjit Gangadharan)(For more business news on Reuters Money visit http://www.reutersmoney.in)
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