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Banks fall on inflation worries
Larsen & Toubro has given a guidance of 15-20 per cent growth in order book for 2012-13.
14 May 2012, 01:28 PM IST 
Honda India president Keita Muramatsu (left) and actor Akshay Kumar at the Dream Yuga launch in Gurgaon on Tuesday.
Banking shares fall after higher-than-expected inflation data dents hopes for a rate cut.
The NSE's bank index falls 1.6 per cent; ICICI Bank losing 0.9 per cent, HDFC Bank down 1.6 per cent, and Axis Bank down 1.6 per cent.
Also hitting sentiment was Moody's downgrade of the financial strength ratings (BFSR) of the above three banks.
However traders say banks could be supported by expectations the RBI will inject liquidity via open market operations or a cut in the cash reserve ratio.
Copyright Thomson Reuters 2012