MARKET EYE-Indian shares fall on profit-booking; IT hit

Thu Dec 6, 2012 9:52am IST

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* The BSE index falls 0.26 percent to 19,340 and the
NSE index is down 0.3 percent to 5,882.75, on
profit-booking.  
* India's 50-share index has been trading in the "overbought"
territory, with its 14-day relative strength index around 70.
* Asian shares were steady near 16-month highs on Thursday,
supported by hopes that U.S. lawmakers will reach a compromise
to avoid the so-called fiscal cliff of year-end tax hikes and
spending cuts which threaten to push the U.S. economy back into
recession. 
* Leading the falls Infosys drops 1.8 percent while
Tata Consultancy Services is down 1.6 percent on
Cognizant Technology Solutions Corp SEC filing.
 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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