MARKET EYE-Indian shares fall; Infosys falls, autos gain

Tue Nov 20, 2012 2:33pm IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* The BSE index falls 0.4 percent, while the NSE index
 is down 0.4 percent.    
* Infosys falls 1.5 percent, retreating after gaining
2.7 percent over the previous two sessions.
* Traders attribute the falls to Infosy's out-performance this
month - down 0.2 percent versus a 0.9 percent fall in the NSE
index - despite concerns about its outlook.
* However, some auto stocks gain on expectations of improving
sales during the festival season: Mahindra & Mahindra 
rises 2.4 percent. 
* Traders are also cautious ahead of the winter parliament
session, which starts on Thursday.

 (abhishek.vishnoi@thomsonreuters.com)
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