It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Fed chief Bernanke’s suggestion that stimulus measures may be scaled back at one of their next few meetings dented sentiment. Here's a look at the top Sensex losers and gainers. Full Article
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Maruti Suzuki, M&M rally on sales hopes
Reuters Market Eye - Shares in Maruti Suzuki and Mahindra & Mahindra(MAHM.NS) gain on hopes for rising sales this month as part of the festival season.
Sharekhan said both Maruti and Mahindra & Mahindra will outperform the sector in the near-term, citing a "strong" order backlog, according to an email to clients.
Six models from the two companies, including the Maruti Dzire and the Mahindra XUV 500, have pending orders of about 170,000 units, or as much as 75 percent of the average monthly passenger vehicle sales recorded in the broader sector, as per Sharekhan calculations.
A weakening Japanese yen is also helping Maruti Suzuki shares given expectations it will reduce the cost of royalty payments to Suzuki Motor.
Maruti shares gain 3.9 percent, while Mahindra & Mahindra shares gain 1.6 percent.
- Tweet this
- Share this
- Digg this