- Title: Indian shares snap eight-day rally
- Date: 12th November 2020
- Summary: MUMBAI, MAHARASHTRA, INDIA (NOVEMBER 12, 2020) (ANI - NO USE INDIA) BOMBAY STOCK EXCHANGE (BSE) BUILDING/PEOPLE WALKING OUTSIDE BSE TICKER BSE BUILDING (SOUNDBITE) (English) MARKET EXPERT, SUNIL SHAH, SAYING: "Well, as I am talking to you, the Sensex is down by more than 250 points but its' a very routine and normal thing I would say. The reason is simple, we scaled a new
- Embargoed: 26th November 2020 09:59
- Keywords: BSE India Mumbai Nifty Sensex market stocks
- Location: MUMBAI, MAHARASHTRA, INDIA
- City: MUMBAI, MAHARASHTRA, INDIA
- Country: India
- Topics: Asia / Pacific,Economic Events
- Reuters ID: LVA001D49GZF3
- Aspect Ratio: 16:9
- Story Text: Indian shares snapped an eight-day winning streak on Thursday (November 12) as investors locked in gains from banking and financial stocks while awaiting an announcement by the country's finance minister later in the day.
The NSE Nifty 50 index fell 0.68% to 12,662.9 by 0500 GMT and the S&P BSE Sensex was down 0.76% at 43,262.19.
The country will also report its retail inflation data for October later in the day.
The Nifty's banking and financial indexes shed 1.4% each after rallying for eight straight sessions.
HDFC Ltd. fell about 2.3% and State Bank of India slid 1.9%.
Miner Coal India, which reported a lower September-quarter profit on Wednesday, declined 3.4% on Thursday.
Hindalco was the top gainer, rising 1.8%. - Copyright Holder: ANI (India)
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