BSE Sensex falters: earnings, monsoon in focus

SENSEX-FALTERS-EARNINGS-MONSOON-IN-FOCUS:BSE Sensex falters earnings, monsoon in focus

bangalore  July 9, 2012, 13:58 IST

bangalore  07 09, 2012, 14:00 IST

 

 

Reuters Market Eye - The BSE Sensex extends fall to 0.8 percent, while the 50-shares NSE index <.NSEI> loses 0.9 percent, tracking falls in Asian and European indexes which fell on growth concerns in China and the United States.

The MSCI Asia-Pacific index excluding Japan down 1.72 percent.

The Indian rupee also fell to an over one-week low on Monday, dragged by weakness in the euro after U.S. jobs data showed tepid growth.

A shortfall in India's monsoon rains has widened to nearly 50 percent of average, and a deficient monsoon could prolong the current policy inaction and delay stalled economic reforms.

 

Corporate earnings will in focus this week. HDFC Corp down 1.66 percent ahead of earnings due Wednesday.

HDFC Bank down 2.1 percent while ICICI Bank loses 0.45 percent.