indian shares declineon valuation concern
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Indian shares declineon valuation concern

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Indian shares declineon valuation concern

Mumbai - Arabstoday

India\'s benchmark stock index fell as investors weighed rising valuations after a two-week rally in equities against speculation of a favourable monsoon season. Bharat Heavy Electricals Ltd, the nation\'s biggest maker of power equipment, dropped the most in six weeks after the Business Standard reported the government may approve the sale of a 5 per cent stake next week. DLF Ltd, the largest property developer, lost 1.2 per cent after a 12 per cent surge in three days. Mahindra & Mahindra Ltd, the biggest tractor maker, rallied 2 per cent. The Sensex, fell 69.92, or 0.4 per cent, to 18,744.56. The measure increased 7.5 per cent in the two weeks to Tuesday. The S&P CNX Nifty Index lost 0.3 per cent to 5,632.10 and its July futures settled at 5,650. The BSE 200 Index shed 0.3 per cent to 2,322.37. \"There\'s not enough confidence that things are going fine with the Indian economy as far as inflation, interest rates and policy making are concerned,\" U.R. Bhat, managing director of Dalton Capital Advisors India Pvt, said from Mumbai. \"There\'s a lot of uncertainty. People are looking over each other\'s shoulders to see who books profit first.\" Article continues below Bharat Heavy declined 4.7 per cent to Rs1,951.7 (Dh161.48), the most since May 23. DLF dropped 1.2 per cent to Rs230.9. Mahindra & Mahindra gained 2 per cent to Rs717.2. Its July futures traded at Rs712.35. Worst performer The Sensex declined 8.6 per cent this year, the worst performer in the world\'s biggest stock markets, as India\'s central bank raised rates ten times since the start of 2010 to cool inflation.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

indian shares declineon valuation concern indian shares declineon valuation concern

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

indian shares declineon valuation concern indian shares declineon valuation concern

 



GMT 11:03 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 04:53 2016 Monday ,16 May

English Premier League results

GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 13:13 2016 Wednesday ,14 December

Unarmed old man killed by police in California

GMT 15:00 2017 Wednesday ,08 March

1 killed, 2 missing due to Avalanche in French Alps

GMT 12:07 2017 Saturday ,25 February

Renault’s R.S.17 features Infiniti co-built ERS

GMT 12:52 2017 Saturday ,04 November

Belgium 'to study' Spain's EU warrant for Catalan leader

GMT 08:40 2017 Wednesday ,01 November

Miss Morocco launch her first charity program

GMT 16:26 2016 Friday ,04 November

All Black brothers in arms ready for rare double

GMT 08:21 2017 Saturday ,30 September

Al Sayed underlines economic improvement

GMT 10:27 2017 Wednesday ,13 December

Strikes kill 12 in rebel-run Yemen prison camp

GMT 10:52 2017 Saturday ,14 October

NGOs slam UN aviation agency plan
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice