July 16, 2012 / 4:33 AM / 5 years ago

MARKET EYE-Indian shares flat; on hold for inflation

* India's benchmark BSE index gains 0.08 percent, while
the 50-share NSE index advances 0.05 percent.
* Shares lag the 0.32 percent gain in the MSCI Asia-Pacific
ex-Japan index, which gains on receding fears of
a hard landing in China. 
* Traders eyeing India's WPI inflation data for June due at 0530
GMT. A Reuters survey forecasts wholesale prices 
rising by an annual 7.62 percent in June, the highest rate this
year. 
* Banks recover after a three-day losing run total ling 1.5
percent as measured by the Nifty banking sub-index.
State Bank of India gains 0.7 percent.
* Infosys falls 1.3 percent, after already falling 9.8
percent in the previous two sessions, as the stock continues to
reel from the company's sharp cut to yearly revenue guidance
last week.      

 (abhishek.vishnoi@thomsonreuters.com)

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