Reuters logo
MARKET EYE-Indian shares edge higher after 5-day losing streak
November 16, 2012 / 7:52 AM / 5 years ago

MARKET EYE-Indian shares edge higher after 5-day losing streak

* The BSE index gains 0.35 percent, while the NSE index
 
 is up 0.19 percent, on their way to snap a five-session
losing streak.
* During the week the BSE lost 1.14 percent as of Thursday's
close on fears about protracted negotiations over the "U.S.
cliff" and uncertainty about the euro zone.
* Recent under-performers are among the leading gainers.
* Infosys shares rise 3.4 percent after falling 2.2
percent for the week as on Thursdays close, while cigarette
maker ITC gains 0.6 percent after falling 4.06 percent
for the week.
* Bharti Airtel gains 3.6 percent, heading towards its
fourth day of advances, while Idea Cellular is up 3
percent. 
*  Bank of America-Merrill Lynch upgraded Bharti Airtel and Idea
Cellular to 'buy' from 'neutral' citing the positive outcome of
the 2G auction this week.  

 (manoj.dharra@thomsonreuters.com)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below