December 10, 2012 / 4:42 AM / 5 years ago

MARKET EYE-Indian shares flat; Cairn falls, Wipro gains

* The BSE index up 0.03 percent while the NSE index
 is down 0.03 percent.
* Technical indicators suggest the market is in an over-bought
state and is likely to fall on any negative development on the
insurance and pension bills which the government is expected to
push through during the current session of parliament.
* Cairn India shares are down 1.5 percent after
Goldman Sachs downgraded the stock to 'neutral' from 'buy',
citing expectations of flat to declining earnings growth.
 
* Leading the fall are cigarette maker ITC Ltd, down
0.7 percent and HDFC Bank Ltd, down 1 percent.
* Wipro Ltd gains 2.5 percent on acquisition, order
win report. 

 (manoj.dharra@thomsonreuters.com)

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