MARKET EYE-Indian shares up; Tata Motors gains

Wed Jan 9, 2013 10:29am IST

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Stocks

   

* The BSE index is up 0.22 percent while the NSE index
 is higher 0.12 percent.
* Gains were in line with Asian shares that rose on Wednesday
after rounds of profit taking from a sharp rally at the start of
the new year subsided.
* Tata Motors Ltd shares are up 3.1 percent after
hitting a record high, after Credit Suisse and CLSA upgraded
their ratings on the stock, citing expectations for improving
sales. 
* Larsen & Toubro gains 0.7 percent after falling 5
percent in the previous four sessions on concerns over order
cancellations and weak investment cycle. 
* Oil marketing companies gain on hopes of diesel price hikes.
Hindustan Petroleum Corp is up 2.15 percent while
Bharat Petroleum Corp rises 1.5 percent.
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