ECONOMY ANALYSIS
- Markets ends in green: UltraTech big gainer, surges 7.7%; ITC top loser
- Infosys inks 5-year deal with Dutch firm TNT
- Bajaj Auto shares tank over 5% as sales fall in February
- ITC cracks over 3 per cent on cigarettes duty hike in Budget; CLSA downgrade
MARKET ANALYSIS
- It was a stellar closing of market, a day after Budget. The Sensex ended up 97.64 points at 29459.14 and the Nifty was up 54.90 points at 8956.75. Axis Bank, Cipla, L&T, BHEL and HUL were top gainers while ITC, Bajaj Auto, Bharti Airtel, Hero Motocorp and Tata Motors. Midcaps was at record closing high with stocks like Muthoot Finance and Relaxo Footwear gaining 5-7 percent intrday.
- European shares clung to seven-year highs on Monday, lifted by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend. The dollar hit an 11-year high against a basket of currencies, partly as a result of a weaker Chinese yuan and on growing prospects of a rise in interest rates from the U.S. Federal Reserve.
- Tata Motors Monday reported 10.69 percent increase in total sales at 44,225 units in February, as against 39,951 units in the same month last year.
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