MARKET EYE-India shares flat; HUL, Tata Motors fall

Wed Jan 23, 2013 2:29pm 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 0.07 percent and the 50-share
NSE index falls 0.15 percent.
* Trading remains weak despite Finance Minister P Chidambaram
reassuring foreign investors on budget and rating on Tuesday,
with traders focusing on RBI's policy review next week. 
* Leading the fall, Hindustan Unilever drops 4.5
percent on a slew of downgrades that came a day after the
company reported slower-than-expected volume growth and a hike
in royalty payments. 
* Tata Motors shares fall 2.3 percent as traders cite
concerns over December quarter earnings.      
* Syndicate Bank shares fall 7.2 percent after
adjusted profits missed estimates, dealers said. 
* However, ZEE Entertainment shares gain 2.3 percent
after the company reported higher-than-expected margins and net
profit, which stood at 1.93 billion rupees in the December
quarter.      

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