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"Indian shares fell on Friday totheir lowest levels in 2013 as drug maker Dr. Reddy's retreateda day after reporting a larger-than-expected fall in quarterlyearnings, while software service exporters fell onprofit-taking.    However, Tata Motors rose 2.4 percent, recoveringfrom an earlier fall of as much as 3.1 percent, as traders sawthe initial losses sparked by a drop in quarterly earnings asoverdone given expectations for a recovery in profits atsubsidiary Jaguar Land Rover.     Analysts say sentiment remains cautious ahead of the 2013/14budget to be unveiled on Feb. 28, amid fears it would includepopulist spending measures that could threaten the government'sfiscal deficit target.    &amp;quot;With industrial output data and inflation numbers out,there is no key development expected till the budget, so themarket is expected to remain range-bound in the absence of anymacro data before the build-up to the budget starts,&amp;quot; saidKaushik Dani, fund manager at Peerless Mutual Fund.    India's annual wholesale price inflation slowedto 6.62 percent in January, government data showed on Thursday,lower than the 7 percent expected in a Reuters poll ofeconomists.      The benchmark BSE index fell 0.15 percent, or 29.03points, to end at 19,468.15, its lowest close since Dec. 31,2012.    The index fell 0.08 percent for the week, its third weeklydecline.    The broader NSE index fell 0.16 percent, or 9.55points, to end at 5,887.40. It earlier hit its lowest since Dec.26, 2012 and dropped 0.27 percent for the week.      Dr. Reddy's Laboratories , India's No.2drug maker by sales, fell 3 percent after it reported alarger-than-expected 29.2 percent drop in quarterly net profiton Thursday.     Bank of America Merrill Lynch downgraded Dr. Reddy's to&amp;quot;neutral&amp;quot; from &amp;quot;buy&amp;quot;, saying &amp;quot;a slight&amp;quot; increase in core profitestimates was being offset by a fading U.S. drug pipeline andmoderating growth.     Software service exporters fell on profit-taking, withInfosys ending down 0.9 percent after rising 2.1percent in the previous two sessions, while Tata ConsultancyServices fell 0.4 percent a day after touching its alltime high of 1,455.80 rupees.    Shares in DLF Ltd fell 2 percent a day afterIndia's largest listed real estate developer reported a netprofit of 2.85 billion rupees, missing market expectations.      Indian midcap shares fell on a mix of disappointing earningsand worries about the economic outlook. Analysts expect midcapshares to remain weak until risk sentiment improves.    Suzlon Energy Ltd fell 8.6 percent after the windturbine maker said its quarterly net loss had widened to 11.55billion rupees.     United Breweries (Holding) Ltd shares ended 4.95percent down. UB Group, the parent of debt-laden KingfisherAirlines, said it was in talks with lenders to thecarrier to cut their exposure by using proceeds from a stakesale in a group company to Diageo Plc.     Besides Tata Motors, among the gainers was Bharti Airtel, India's largest telecoms carrier, whose shares ended1.6 percent higher, up from a steep fall of 4.4 percent onThursday.    Jet Airways rose 3.7 percent on speculation that along-awaited deal to sell a stake to Abu Dhabi's Eithad Airwayswould be announced next week, dealers said.        For additional stocks on the move double click                FACTORS TO WATCH                                             * Euro slips to 3-week low versus dollar                  * Brent slips below $118, heads for 1st weekly loss infive\u0178 * Yen firms as G20 eyed, weak Europe dampens mood    * Foreign institutional investor flows          * For closing rates of Indian ADRs                                                 ASIA-PACIFIC STOCK MARKETS:                                  Pan-Asia........ Japan.......   S.Korea... S.E. Asia.......        Hong Kong...  Taiwan.... Australia/NZ....        India.......  China.....                            OTHER MARKETS:                                               Wall Street ....         Gold ....... Currency.. Eurostocks.....         Oil ........  JP bonds... ADR Report .....       LME metals. US bonds.. Stocks News US.. Stocks News Europe                               DIARIES &amp; DATA:                                              Indian Data Watch   Asia earnings diary U.S. earnings diary     European diary       Indian diary          Wall Street Week Ahead  Eurostocks Week Ahead                                                               TOP NEWS:                                                       For top Asian company news, double click on:          U.S. company news  European company news     Forex news        Global Economy news     Technology news  Telecoms news           Media news       Banking news              Politics/General    Asia Macro data      &amp;lt;ECONASIA  (Additional reporting by Manoj Dharra; Editing by PrateekChatterjee)"^^<http://www.w3.org/2001/XMLSchema#string>
<http://in.reuters.com/article/markets-india-stocks-close-idINL4N0BF4JL20130215>