MARKET EYE-Indian shares trade with small gains; Tata Motors up
* 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.
- Tweet this
- Share this
- Digg this
The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy. Full Article