• Most Popular
  • Most Shared

Indian shares extend losses to 1 pct

Tue Jun 30, 2009 3:11am EDT

Stocks

   

MUMBAI, June 30 (Reuters) - Indian shares extended losses to more than 1 percent on Tuesday afternoon, weighed down by uncertainties about next Monday's federal budget.

Reliance Industries (RELI.BO) dropped 2.3 percent and ICICI Bank (ICBK.BO) fell 3 percent as investors took profits.

At 12:31 p.m. (0701 GMT), the 30-share BSE Index .BSESN was down 1.01 percent at 14,636.45 points with 20 components losing. It had risen as much as 0.8 percent in early trade.

The 50-share NSE Index was down 1.18 percent at 4,339.15 points. (Reporting by Janaki Krishnan)



More from Reuters

Ex-wife sues SAC's Cohen, alleges insider trading

NEW YORK/BOSTON (Reuters) - Hedge fund magnate Steven A. Cohen was accused by his former wife on Wednesday of hiding millions of dollars from her and of engaging in insider trading in a high-profile merger in the 1980s.

» More Top News
An an exit sign is pictured in New York City October 14, 2006. REUTERS/Lucas Jackson
Interview:

No stimulus exit in sight

The man who predicted the fallout from the property bubble says it's still too early to talk about exiting easy money policies. In fact, more stimulus is on the way.  Full Article 

ECONOMY
The tail section of the turboprop MQ-9 Predator B drone is seen on the tarmac at Fort Huachuca, Arizona, December 5, 2006.

Just don't say the D-word

In the high-testosterone world of military jets, the words "drone" and "unmanned aerial vehicle" don't fly. Now there's a new term in town.  Full Article 

AEROSPACE & DEFENSE SUMMIT