Wires

MARKET EYE-Indian shares fall; state-owned banks, Infosys decline

Share

* The BSE index

falls 0.15 percent while the 50-shareNSE indexis also down 0.16 percent on caution ahead ofcorporate earnings.* Asian shares tracked Wall Street lower on Thursday as weakforecasts from U.S. corporate bellwethers underscored concernover global demand, particularly from China, and kept oil andother commodity prices under pressure.

* Infosys Ltd

falls 0.4 percent ahead of reporting itsJuly-September earnings on Friday.* State-owned banks such as State Bank of Indiafall onconcerns over rising non-performing loans.* SBI falls 1 percent while Canara Bankis down 1.5percent.* Unitech Ltd

gains 4 percent on Thursday after thecompany said it has agreed to dispose of its shareholding in itsmobile joint venture Uninor after reaching a settlement withpartner Telenor ASA

on their legal dispute.

(abhishek.vishnoi@thomsonreuters.com)