MARKET EYE-Indian shares flat; Cairn India falls

Tue Jan 22, 2013 2:07pm IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* The BSE index is down 0.11 percent and the 50-share
NSE Index falls 0.12 percent to 6,075 after briefly
breaching the psychological 6,100 mark for the first time since
January 2011.
* Technology shares led the decliners on profit-taking after a
rally this month on the back of better-than-expected earnings.
* Infosys shares were down 0.4 percent after rising
20.60 percent this month, as of Monday's close.
* Cairn India shares fall 1.4 percent, after
management issues guidance for a slower ramp-up in production
from the Rajasthan block. 
* However, Pantaloon Retail Ltd gains 11.65 percent
after RBI eased restrictions on the purchase of shares in the
company by foreign institutional investors and non-resident
Indians as well as persons of Indian origin. 

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
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