Friday, February 15, 2013

BSE Sensex extends fall; DLF, Dr Reddy's down


Reuters Market Eye - The Sensex is down 0.42 percent, after earlier touching its lowest in 2013 intraday. The 50-share Nifty down 0.54 percent, after earlier hitting its lowest since December 26, 2012


Shares in DLF Ltd (DLF.NS) fell as much as 3.9 percent a day after India's largest listed real estate developer reported a net profit of 2.85 billion rupees, which missed market expectations
.
Dr. Reddy's Laboratories (REDY.NS) (RDY.N), India's No.2 drugmaker by sales, falls 2.3 percent after it reported a larger-than-expected 29.2 percent drop in quarterly net profit on Thursday
.
Bank of America Merrill Lynch downgraded its rating on Dr. Reddy's to "neutral" from "buy".
Siemens Ltd (SIEM.NS) falls 1.3 percent, heading towards a second day of losses after India Index Services & Products Ltd said on Wednesday it would be removed from the Nifty from April 1\


Kushank Singhal
PGDM 2nd


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