Stock Market News On 19th Mar 2013

On political worries the Shares Of India Fall

- The BSE index is down 1.45 % while the 50-share NSE index is low 1.6 % .

- A key regional ally, the Dravida Munnetra Kazhagam,pulled out of the country's   ruling coalition in protest againstthe government's position on a U.S.-backed United Nations    resolution on war crimes carried out during Sri Lanka's civilwar. 
  
- The news sent shockwaves through the market that was already under pressure after the central   bank disappointed investors with a statement seen as cautious on monetary policy. 
    
- Among blue chip shares leading the fall, Oil and Natural Gas Corporation Ltd falls   3.3        percent, while Larsen & Toubro is down 2.8 percent and Mahindra & Mahindra drops 3 percent.

- Banking stocks are under pressure after the cash reserve ratio was left unchanged at 4.00       percent. ICICI Bank falls 1.8 percent, while State Bank of India is 3 percent lower.

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