MARKET EYE-India shares flat; defensives gain

Tue Feb 19, 2013 2:16pm IST

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Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

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* The BSE index is up 0.06 percent while the 50-share
NSE index is higher 0.08 percent, with weak Asian stocks
weighing on investor sentiment. 
* Broader losses in indexes were capped by gains in
underperforming defensives shares such as Hindustan Unilever
 and pharma companies such as Cipla Ltd.
* Hindustan Unilever gains 1.4 percent after falling 10.4
percent this year as on Monday's close, while Cipla rises 2
percent after falling 8.32 percent this year. 
* Bharti Airtel Ltd falls 2.4 percent while Idea
Cellular Ltd is down 1.4 percent.
* Mobile operators fall after wireless broadband airwave holders
were allowed to provide voice services by paying additional fee,
a move that is seen benefiting 4G licence holder Reliance
Industries Ltd, but leading to more competition in the
sector. 

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