MARKET EYE-Indian shares trade with small gains; Tata Motors up

Wed Jan 9, 2013 2:26pm IST

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Polluted waters of China

Polluted waters of China

Growing cities, overuse of fertilizers, and factory wastewater have degraded China's water supplies to the extent that half the nation's rivers and lakes are severely polluted.  Slideshow 

* The BSE index is up 0.16 percent while the NSE index
 is up 0.02 percent.
* Shares largely flat after a strong rally on the "fiscal cliff"
deal and foreign inflows. It rose 1.8 percent last week.
* Traders await the start of the earnings season with Infosys
results due on Friday.
* Tata Consultancy Services is down 1.94 percent while
Infosys is down 0.6 percent. 
* The Dec quarter is a seasonally weak quarter for technology
companies, and analysts are waiting for management comments on
customers, and any changes in employee hiring targets, Deutsche
Bank said in a note.
* Bajaj Auto shares fall 1.23 percent while Hero
MotoCorp is down 1.25 percent, after an auto body cuts
FY13 motorcycle sales growth forecast to 3-5 percent from 5-7
percent earlier.         
* Tata Motors Ltd shares are up 4.4 percent, after
Credit Suisse and CLSA upgraded their ratings on the stock,
citing expectations of improving sales.
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