Indian share prices ended marginally lower on Tuesday as banks fell off early gains after a disclosure by Swiss banking giant UBS of a subprime-related write down of 19 billion dollars, dealers said. They said rising local inflation concerns saw investors lock in gains.
The 30-share benchmark Mumbai stock exchange Sensex index fell 17.82 points or 0.11 percent to 15,626.62, off the day's high of 15,834.05. The Sensex dropped 726.85 points or 4.44 percent on Monday. Gainers led losers 1,728 to 920 on volume of 46.59 billion rupees (1.16 billion dollars). Housing lender HDFC Bank fell 11.8 rupees or 0.89 percent to 1,308.15 on expectations of a tighter monetary policy.
Larsen and Toubro fell 130.05 rupees or 4.3 percent to 2,894.75, and state-run Bharat Heavy Electricals dropped 164.01 rupees or 8.01 percent to 1,891.85. TCS rose 23.9 rupees or 2.95 percent to 834.8.
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