MARKET EYE-Indian shares up; airline stocks soar

Mon Nov 26, 2012 2:37pm IST

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* The BSE index up 0.27 percent and the NSE index
 higher 0.16 percent.
* Indian carriers Jet Airways and SpiceJet 
are in talks with Abu Dhabi's Etihad Airways and Malaysia's
AirAsia Bhd, respectively, to sell minority stakes, a
government source said on Monday. 
* Jet Airways rises 14.5 percent, while SpiceJet
 gains 16.7 percent.    
* Export-driven technology shares rise following weakness in the
rupee. Infosys rises 1.4 percent.          
* Shares in Mahindra & Mahindra fall 2.1 percent after
reports that the automaker has entered into a takeover deal with
an Italian private equity fund for 50 percent of British luxury
car maker Aston Martin. 
* Caution to prevail until the outcome of an all-party meeting
convened by the government to end logjam over some key reform
measures, and as investors focus on a meeting of euro zone
finance ministers on Greece.

 (manoj.dharra@thomsonreuters.com)
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