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MARKET EYE-Indian shares down; FDI vote in upper house key
December 6, 2012 / 9:02 AM / 5 years ago

MARKET EYE-Indian shares down; FDI vote in upper house key

* The BSE index falls 0.63 percent to 19,269 and the
NSE index is down 0.64 percent to 5,863, on
profit-booking.   
* The government's win in the retail FDI vote in Lok Sabha on
Wednesday failed to boost sentiment as traders remain cautious
over the vote in the upper house. 
* India's 50-share index has been trading in the "overbought"
territory, with its 14-day relative strength index around 70. 
* Leading the falls Infosys drops 2.1 percent while
Tata Consultancy Services is down 1.7 percent on
Cognizant Technology Solutions Corp SEC filing. 
 
* GMR Infrastructure falls 3.2 percent after a
Singapore court ruled in Maldives' favour on Thursday,
overturning an earlier order given in favour of GMR, suspending
the South Asian country's decision to cancel its $511 million
airport development contract with the company. 

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

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