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MARKET EYE-Indian shares flat; Reliance falls, autos gain
November 1, 2012 / 4:37 AM / 5 years ago

MARKET EYE-Indian shares flat; Reliance falls, autos gain

* The BSE index down 0.1 percent and the NSE index
 falls 0.06 percent.
* Falls track lower Asian shares as China's official and private
sector manufacturing PMIs confirmed a recovering growth trend,
but failed to convince investors the slowdown was bottoming out.
 
* Reliance Industries falls 1.4 percent after an
anti-corruption activist accused the energy conglomerate of
hoarding natural gas and pressuring the government into
favourable decisions, although the allegations were denied by
the company.
* Wipro shares gain 3 percent after the company said
it will spin off its non-IT businesses into a separate company,
ahead of quarterly earnings due on Friday. 
* Auto shares gain ahead of October vehicle sales data. Maruti
Suzuki gains 0.4 percent and Mahindra & Mahindra
 is up 0.4 percent       

 (manoj.dharra@thomsonreuters.com)

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