Sensex sheds 168 points in early trade
as investors reacted to the prospect of drawn- out negotiations over the looming U.S. fiscal cliff by shedding riskier assets, but Japanese equities bucked the trend as a sharp slide in the yen lifted exporters' shares.
INDIAN STOCKS TO WATCH
TOP NEWS
India has raised less than a quarter of its 400 billion rupees ($7.3 billion) target in a cellphone airwaves auction seen as too pricey by carriers.
Norway's Telenor won back its telecom operating licences in six of India's most populous states, paying less than markets expected and ending 10 months of uncertainty after courts cancelled its permits.
India's headline inflation unexpectedly eased to its slowest pace in eight months in October, a welcome relief from a string of bad data but still high enough to be a headache for policymakers struggling to balance the need for growth with taming prices.
ENERGY/COMMODITIES
State-owned gas utility GAIL may offer up to 30 percent stake in its 1,550-km natural gas pipeline from Surat in Gujarat to Paradip in Odisha to Indian Oil Corporation, said a senior IOC official.
VLCC is in talks with a bevy of private equity suitors to raise money in a deal which could value it at up to $400 million (22 billion rupees), three people familiar with the negotiations said.
AUTOS
Tata Motors Ltd denied a report on Wednesday that the Indian car maker is in talks to set up an alliance with French peer PSA Peugeot Citroen.
PROPERTY
DLF Ltd expects to sell 50 billion rupees of non-core assets by March, having already sold
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