Federal Reserve Chairman Ben Bernanke says the U.S. central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15-month high. Full Article | Instant view
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Goldman Sachs upgrades L&T; shares gain
Reuters Market Eye - Shares in Larsen & Toubro gain 2.6 percent after Goldman Sachs upgrades the stock to "buy" from "neutral".
Goldman cites cheaper valuations after L&T's recent under-performance against the broader index and the prospect of stable revenue growth over the medium term.
The investment bank also notes the government is expected to fast track an estimated $30 billion worth of infrastructure projects in fiscal 2013/14, while also pointing to other supportive factors such as an expected lower cost of financing.
(Reporting by Abhishek Vishnoi)
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