MARKET EYE-Indian shares up; cement shares extend gains

* The BSE index

gains 0.16 percent, while the 50-share NSE index advances 0.15 percent. * Cement companies extend a recent rally on continued hopes for more infrastructure-related initiatives from the government and hopes for increased construction activity after the end of the monsoon period. * Ambuja Cement gains 1.8 percent after earlier hitting a record high at 214.40 rupees. * Hero MotoCorp shares falls 1.5 percent after September vehicle sales fell 26 percent.

* Bajaj Auto

shares down 1 percent after September sales declined 14 percent.