BSE Sensex subdued, SAIL drops

MUMBAI |
Tue Feb 14, 2012 9:26am IST

MUMBAI (Reuters) – The BSE Sensex was subdued early on Tuesday as investors turned cautious about the global economy after rating agency Moody’s warned it may cut its triple-A ratings of France, the United Kingdom and Austria.

Steel Authority of India Ltd (SAIL.NS), the country’s largest domestic steel producer, dropped 1 percent after the company posted a worse-than-expected 43 percent slide in quarterly profit.

At 9:17 a.m. (0347 GMT), the main 30-share BSE stock index was down 0.05 percent at 17,769.04.

The 50-share NSE index was down 0.12 percent at 5,384.20.

(Reporting by Prashant Mehra; Editing by Ranjit Gangadharan)

Article source: http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/ICMyMM4hLqs/markets-india-stocks-idINDEE81D03G20120214

Tags: Business News, Latest Business News