MARKET EYE-Indian shares range-bound; banks fall, telcos gain

Mon Nov 19, 2012 10:24am IST

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Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

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* The BSE index is up 0.1 percent, while the NSE index 
 is flat, after both fell in each of the previous six
sessions. 
* Traders remain cautious ahead of the winter session of
parliament set to start on Thursday. The government's will to
pass reforms is considered critical to revive stock markets that
have faltered over the past month and a half. 
* Rate-sensitive stocks fall on worries that last week's data
showing easing inflation is unlikely to result in a repo rate
cut this year.
* HDFC is down 0.7 percent, while Axis Bank 
falls 1.1 percent.
* However, telecom stocks extend a recent rally after last
week's auction of 2G spectrum fetched lower prices than the
government had targeted. 
* Bharti Airtel gains 2.4 percent, after surging 9.3
percent last week.

 (abhishek.vishnoi@thomsonreuters.com)
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