MARKET EYE-Indian shares edge higher after 5-day losing streak

Fri Nov 16, 2012 1:21pm IST

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* The BSE index gains 0.35 percent, while the NSE index
 
 is up 0.19 percent, on their way to snap a five-session
losing streak.
* During the week the BSE lost 1.14 percent as of Thursday's
close on fears about protracted negotiations over the "U.S.
cliff" and uncertainty about the euro zone.
* Recent under-performers are among the leading gainers.
* Infosys shares rise 3.4 percent after falling 2.2
percent for the week as on Thursdays close, while cigarette
maker ITC gains 0.6 percent after falling 4.06 percent
for the week.
* Bharti Airtel gains 3.6 percent, heading towards its
fourth day of advances, while Idea Cellular is up 3
percent. 
*  Bank of America-Merrill Lynch upgraded Bharti Airtel and Idea
Cellular to 'buy' from 'neutral' citing the positive outcome of
the 2G auction this week.  

 (manoj.dharra@thomsonreuters.com)
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