ECONOMY ANALYSIS
Nifty ends below 8750, Sensex loses 117 pts; BHEL, SBI, TCS laggards
Bharti Airtel Q3 profit seen down 8.5% to Rs 1266 cr: Poll
Canara Bank Q3 profit jumps 60% on higher other income
Force Motors surges 18%, to partner BMW for auto parts
Wockhardt Q3 profit rises 14% to Rs 347 cr, EBITDA up 92%
MARKET ANALYSIS
Indian shares continued their retreat from record highs hit last week for a fourth session on Wednesday to mark their lowest close in two weeks as banks declined on concerns the central bank's move to boost lenders' liquidity may weigh on margins.
The Reserve Bank of India kept its policy repo rate unchanged at 7.75 percent on Tuesday, while boosting banks' liquidity in a bid to persuade them to lower lending rates after they failed to pass on the benefits of the last official rate cut three weeks ago.
Rising bad loans at ICICI Bank, Punjab National BankBSE 0.23 % and Bank of BarodaBSE -0.11 % also led to paring of positions in the sector. The NSE bank index fell 1.1 percent.
The benchmark BSE index fell 0.4 percent, while the broader NSE index ended 0.38 percent lower, marking their lowest close since Jan. 20.
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