BSE Sensex flat; Tata Motors gains

BSE Sensex flat; Tata Motors gains

Last Updated: Mon, Dec 24, 2012 09:55 hrs
Sensex falls 1 pct on worries about reforms, growth

The BSE Sensex up 0.03 percent and the NSE Nifty is flat.

Asian shares steadied in quiet pre-holiday trade on Monday from a slump late last week, with prices capped by nervousness about the risk of the United States failing to avert a fiscal crisis.

Tata Motors Ltd gains 3 percent, extending a rally fuelled by hopes of improved sales at its key unit Jaguar Land Rover and optimism about its planned investment into passenger vehicles.

Technology shares gain on short-covering as the recent underperformance is seen overdone: Infosys Ltd advances 1 percent while Tata Consultancy Services Ltd rises 0.5 percent.

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