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MARKET EYE-Indian shares trade with small gains; Tata Motors up
January 9, 2013 / 8:57 AM / 5 years ago

MARKET EYE-Indian shares trade with small gains; Tata Motors up

* The BSE index is up 0.16 percent while the NSE index
 is up 0.02 percent.
* Shares largely flat after a strong rally on the "fiscal cliff"
deal and foreign inflows. It rose 1.8 percent last week.
* Traders await the start of the earnings season with Infosys
results due on Friday.
* Tata Consultancy Services is down 1.94 percent while
Infosys is down 0.6 percent. 
* The Dec quarter is a seasonally weak quarter for technology
companies, and analysts are waiting for management comments on
customers, and any changes in employee hiring targets, Deutsche
Bank said in a note.
* Bajaj Auto shares fall 1.23 percent while Hero
MotoCorp is down 1.25 percent, after an auto body cuts
FY13 motorcycle sales growth forecast to 3-5 percent from 5-7
percent earlier.         
* Tata Motors Ltd shares are up 4.4 percent, after
Credit Suisse and CLSA upgraded their ratings on the stock,
citing expectations of improving sales.

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