Wires

MARKET EYE-Indian shares edge lower; Reliance falls

* The BSE index

fall 0.24 percent, while the 50-shareNSE index

declines 0.32 percent.* Asian stocks edge lower and other riskier assets such ascommodities fall as investors remained cautious about theoutlook for the global economy and corporate earnings despitebetter-than-expected U.S. jobs numbers at the end of last week.

* Reliance Industries

falls 1.8 percent after MorganStanley cuts its rating to 'underweight' from 'equal-weight',citing expectations for weaker refining margins and valuationconcerns among other factors.

* Housing finance companies gain after India's markets regulatoron Saturday allowed debt-oriented mutual funds to invest up to10 percent of their net assets in housing finance companies.

* LIC Housing Financegains 1.7 percent, Housingdevelopment and Finance Corpis up 0.6 percent.

(abhishek.vishnoi@thomsonreuters.com)