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Nifty falls below 6,000 on U.S. stimulus, China worries
Nifty futures fell more than 2 percent in trade on Thursday as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey has sparked concerns about foreign investor selling. Nifty was below 6,000. Article | Graphic: Five-day Nifty movement
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MARKET EYE-Tata Motors sales will rebound in March qtr-Morgan Stanley
* Morgan Stanley maintains its 'overweight' rating on Tata Motors and is optimistic of a strong rebound in sales in the January-March quarter, after visiting Solihull and Castel Bromwich facilities of luxury unit Jaguar Land Rover (JLR). * The investment bank says the recent weakness in numbers is due to the slow ramp-up of launches rather than a "demand issue". * Most of the upgrades are slated for shipment in December, thus numbers thereon should see a strong sequential pickup, the note added. * JLR's global sales growth, a key issue for investors in Tata Motors, has slowed in recent months and sales fell in September for the first time in 14 months. * At 0806 GMT, Tata Motors shares were up 2.3 percent at 277.75 rupees. (manoj.dharra@thomsonreuters.com)
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