MARKET EYE-Indian shares up; Hindustan Unilever extends fall

Wed Jan 23, 2013 10:16am IST

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* The BSE index is up 0.2 percent and the 50-share NSE
index rises 0.18 percent.
* Domestic gains were in line with Asian shares that edged
higher, tracking upbeat U.S. earnings and a rise in German
investor confidence. 
* Shares in Hindustan Unilever Ltd drop 5 percent,
falling for the second day, as number of investment banks, cut
their ratings on slower-than-expected volume growth and a hike
in royalty payments. 
* Blue chip companies that have reported better earnings were
leading the gains: ITC shares rise 0.8 percent while
Reliance Industries is up 0.7 percent.    

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