* Shares in DLF, India's biggest real estate developer, fell 2.99 percent, sharply under-performing a 0.4 percent gain in the NSE index and posting their sixth decline in the past seven sessions. * Traders say DLF is being hit by perceptions of its ties with the ruling Congress party, which is trailing badly in polls ahead of elections concluding next month. * "I would say DLF has been falling on some perceptions of political connections to Congress and the company's lingering debt burden," sai
MUMBAI, April 23 - Indian shares hit record highs for a third consecutive session on Wednesday as infrastructure-related companies such as Larsen & Toubro extended recent gains, offsetting profit-taking in other outperformers such as Tata Motors.
* Credit Suisse upgrades Mahindra and Mahindra Ltd (M&M) to "outperform" from "neutral," saying its four-wheeler autos and commercial vehicles will benefit from even a short-lived economic recovery, while the auto-maker has "undemanding valuations." * The investment bank still has Maruti Suzuki India Ltd as its preferred pick saying it had done "an excellent job of maintaining its marketshare and stands out on all parameters needed to succeed in India." * However, Credit Suisse downgrades Tat
* Indian shares hit record highs for the third consecutive session on Wednesday on the back of gains in blue-chip stocks. * The benchmark BSE index gains 0.51 percent to hit a record high of 22,875.17. The broader NSE index rises 0.68 percent to hit a life high of 6,861.60. * Blue-chip stocks continue to gain with Oil and Natural Gas Corp up 1.6 percent, while capital goods stocks such as Larsen and Toubro climbs 1.4 percent, adding to its 1.8 percent gain on Tuesday. Bharat Heavy Electricals Lt
* Nifty futures traded on the Singapore Exchange are down 0.05 percent, while the MSCI-Asia Pacific excluding Japan index is up 0.01 percent. * Asian shares crept higher on Wednesday following merger-driven gains in Europe and on Wall Street, though investors were wary in case coming figures on Chinese manufacturing again disappointed. * U.S. stocks rose on Tuesday as a host of solid earnings reports, along with strength in the healthcare sector, helped lift the S&P 500 and Nasdaq to their sixt
MUMBAI, April 22 - Indian shares ended flat on Tuesday after hitting record highs for a second consecutive session as the momentum waned ahead of the expiry of monthly derivative contracts and on expectations that current levels sufficiently price in fundamentals.
* India's benchmark BSE index gains 0.1 percent and the broader NSE index is up 0.04 percent after earlier touching a record high for the second consecutive session. * The BSE gained as much as 0.39 percent to hit an all-time high of 22,853.03, while he NSE index advanced as much as 0.3 percent to hit a record high of 6,831.75. * Capital goods stocks lead the gains with Larsen and Toubro Ltd 1.7 percent higher and Bharat Heavy Electricals Ltd up 2.4 percent. Capital goods stocks are gaining fo
* Shares in South Indian Bank Ltd gain 3.5 percent after RBI on Monday withdrew restrictions placed on the purchase of shares by overseas investors. * The central bank regularly prevents foreign institutional investors from buying shares in companies if they are approaching the limit stipulated by regulations, and will then re-adjust once foreign ownership falls below the prescribed level. * Foreign investors held 41.7 percent of South Indian Bank shares as of end-March, according to BSE data.
* Indian shares edge higher to hit record highs for a second consecutive session. * The benchmark BSE index gains as much as 0.28 percent to hit a high of 22,828.58, while the broader NSE index advances as much as 0.2 percent to hit a record high of 6,831.75. * Capital goods shares continue to gain for the second straight day, with Larsen and Toubro gaining 1.4 percent and Bharat Heavy Electricals Ltd adding 1.2 percent. * Overseas investors underpin sentiment, as they continue to buy Indian sh
* Indian shares are likely to open flat and trade slightly positive, tracking firm Asian cues, traders say. * However, investors would be cautious as shares surged to a record high on Monday and profit-taking could emerge at higher levels, they said. * Shares in HDFC Bank will be in focus on Tuesday as the private sector lender is set to announce its Jan-March earnings on Tuesday. * Nifty futures traded on the Singapore Exchange are down 0.01 percent, while the MSCI-Asia Pacific excluding Japan
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Reuters Market Eye - Shares in DLF, India's biggest real estate developer, fell 2.99 percent, sharply under-performing a 0.4 percent gain in the Nifty and posting their sixth decline in the past seven sessions.