November 16, 2012 / 4:22 AM / 5 years ago

MARKET EYE-Indian shares edge higher; telecom stocks gain

* The BSE index gains 0.25 percent and the NSE index 
 is up 0.13 percent, after falling for five consecutive
sessions.
* Asian shares steady on Friday after falling nearly 2 percent
this week on worries about the looming U.S. "fiscal cliff".
 
* Telecom shares extend gains after a tepid demand in a 2G
airwave auction raises hopes for lower prices: Bharti Airtel
 gains 1.6 percent, while Idea Cellular 
advances 1.2 percent.  
* Some recent under-performers gain on short-covering: Infosys
gains 1.1 percent after falling 2.8 percent so far this month as
of Thursday's close.  

 (manoj.dharra@thomsonreuters.com)

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