Indian shares end down; banks fall
MUMBAI, Sept 3 |
MUMBAI, Sept 3 (Reuters) - Indian shares provisionally fell on Monday as investors discounted deferment of proposed anti-tax avoidance rules, choosing to concentrate on macroeconomic woes like the fiscal and trade deficit.
India's fiscal deficit during the April-July period rose to 2.64 trillion Indian rupees ($47.5 billion) or 51.5 percent of the full fiscal year 2012/13, government data showed on Friday.
Banking shares continued their Friday's slide, after stronger-than-expected GDP dashed hopes for rate cuts. HDFC Bank shares fell 1.18 percent, while Reliance Industries ended 1 percent lower.
India's benchmark BSE index fell 0.4 percent, while the 50-share NSE index fell a 0.09 percent. (email@example.com)
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