MARKET EYE-Indian shares flat; oil shares fall

Tue Jan 8, 2013 9:54am IST

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Kishore Pandey, 82, lies on a bed as his daughter, Usha Tiwari, holds him and a priest stands by them (L) at Mukti Bhavan (Salvation House) in Varanasi, in the northern Indian state of Uttar Pradesh, June 19, 2014. REUTERS/Danish Siddiqui

Waiting to die at Salvation House

The city of Varanasi is Hinduism's holiest city and many Hindus believe that dying there and having their remains scattered in the Ganges allows their soul to escape a cycle of death and rebirth.  Slideshow 

* The BSE index down 0.06 percent and the NSE index
 down 0.18 percent.
* Domestic share weakness comes on the back of weaker Asian
shares that fell as investors were cautious ahead of corporate
earnings season for the last quarter of 2012 and the European
Central Bank's policy meeting later in the week.
* Oil companies fell to profit-taking after a recent rally:
Hindustan Petroleum Corp down 1.5 percent after adding
13.54 percent in previous four sessions while Bharat Petroleum
Corp fell 0.7 percent.
* Oil and Natural Gas Corp shares are down 0.7 percent
while Oil India Ltd is down 0.6 percent.
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