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MARKET EYE-Indian shares fall on profit-taking; aviation shares gain
December 3, 2012 / 8:53 AM / 5 years ago

MARKET EYE-Indian shares fall on profit-taking; aviation shares gain

* The BSE index down 0.22 percent to 19,297.61 while
the NSE index is also down 0.21 percent at 5,867.50.  
* Indian stocks down after gaining 4.5 percent in November, as
recent outperformers such as HDFC Bank fall on
profit-taking.
* HDFC Bank falls 2.4 percent while ITC is down 1.2
percent.
* However, Aviation stocks such as Jet Airways gain on
a report in Mint newspaper that the airline will soon seek
regulatory approval to tweak its ownership pattern to facilitate
a stake sale to Etihad Airways. 
* Jet Airways gains 5.9 percent while SpiceJet is also up 6.1
percent on speculation over potential stake sale, dealers say.
* Traders closely tracking the vote on foreign investment in
multi-brand retail in parliament for further direction.  

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)

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