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India’s Sensex Drops for First Time in Three Days

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Aug. 6 (Bloomberg) -- Benchmark BSE S&P Sensex -0.9% to 25,665.27; gauge rose to one-week high yday * CNX Nifty -1%; BSE 100 Index -0.9%; BSE 500 Index -0.8% * Cigarette maker ITC -2.8%; ICICI Bank -2.7%; Axis -2.5% * Tata Motors -2%; Bharti -1.9%; ONGC -2.1% * “After RBI’s credit policy yesterday, an interest-rate cut

is ruled out this year unless inflation comes under

control,” D.K. Aggarwal, chairman of SMC Investments &

Advisors, says by phone from New Delhi; “There are no fresh

local triggers.” * NOTE: RBI Governor Raghuram Rajan left interest rates

unchanged and said there was an upside risk to his goal of

slowing inflation to 6 percent by January 2016 * Hero MotoCorp +0.6%; stk -2.3% intraday as 1Q earnings

missed est. * NOTE: 9 of 17 Sensex cos. that have posted earnings so for

June qtr have beaten or matched forecasts; ~60% of cos.

posted earnings that topped or matched ests. in March qtr,

and ~73% of results beat forecasts in preceding 3 mos. * Software exporter Infosys +1.8% as ex-directors seek $1.8b

buyback to lift valuation * BSE 100 gainers: Godrej Consumer +4.5%, Adani Ent +3.2%,

Nestle India +1.6%; Shriram Transport Finance +1.2% * BSE 100 losers: IDBI Bank -6.9% as 1Q net missed est.;

Jaiprakash Associates -3.5%; HDIL -3.3% * Index movers: IT +0.7%, Communications Technology +0.1%,

Capital Goods -0.1%; Bankex -1.8%, Realty -1.2% * BSE 500 movers: JBCP +15.3%, INOL +7.3%, INFOE +6.6%, NSE

+5.4%, WHIRL +5%; BHUS -20%, CMEXP -10%, SAPH -9.4%, INL

-8.6%, APTY -7.4% * Foreigners bought net $70m of local shrs Aug. 4, taking this

year’s total inflow to $11.7b * Rupee -1% to 61.48 * MXAP Index -0.4% * NOTE: Sensex YTD +21% * Related story: Sensex Profit Tripling as Rates Fall Keeps

Reliance Fund Bullish

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>

To contact the reporter on this story: Rajhkumar K Shaaw in Mumbai at +91-22-6120-3658 or rshaaw@bloomberg.net To contact the editors responsible for this story: Michael Patterson at +852-2977-4820 or mpatterson10@bloomberg.net

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