MARKET EYE-Indian shares gain; Hindustan Unilever fall, autos gain

Thu Dec 13, 2012 10:06am 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 0.18 percent up while the NSE index
 gains 0.21 percent.
* The traders are cautious and await outcome of inflation data
on Friday for more clarity on central banks policy meet next
week.
* A Reuters poll of 32 economists taken over the past week
showed they expect wholesale prices rose 7.60
percent in November from a year earlier, compared with 7.45
percent in October. Forecasts ranged from 7.12 percent to 8.10
percent.   
* Shares of Hindustan Unilever down 1.4 percent
following news that Unilever's Indonesian subsidiary has agreed
to pay a higher royalty payment to Unilever Plc.
 
* Auto shares were leading the gains on expectation of higher
sales in December due to year end discounts that are offered by
the auto companies.
* Tata Motors rose 2.5 percent while Maruti Suzuki
 gains 1.2 percent
 * India raised $1.1 billion selling a stake in miner NMDC Ltd
 in a fillip for its efforts to rein in a widening
fiscal deficit through sales of state assets. NMDC gained 2.5
percent. 

 (manoj.dharra@thomsonreuters.com)
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