MARKET EYE-India shares flat; Tata Motors gains

Mon Dec 24, 2012 2:38pm IST

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* The BSE index up 0.03 percent and the NSE index
 is flat.
* Asian shares steadied in quiet pre-holiday trade on Monday
from a slump late last week, with prices capped by nervousness
about the risk of the United States failing to avert a fiscal
crisis. 
* Tata Motors Ltd gains 3 percent, extending a rally
fuelled by hopes of improved sales at its key unit Jaguar Land
Rover and optimism about its planned investment into passenger
vehicles. 
* Technology shares gain on short-covering as the recent
underperformance is seen overdone: Infosys Ltd 
advances 1 percent while Tata Consultancy Services Ltd 
rises 0.5 percent.

 (manoj.dharra@thomsonreuters.com)
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