According to Prakash Diwan, the head of the Institutional Clients group at Asit C. Mehta investment intermediates “the Indian share market would remain range-bound and may retest to 5,145 levels.
The BSE index shows 0.6% growth to 17, 503.71 points, while NSE index grow to 0.6% to 5,332.40. Auto Industry especially TATA Motors ending up for a sixth straight session after hitting a new all-time high. Also, this week may further show growth in Auto Industry as there as an aggressive interest rate cut from the Reserve Bank of India (RBI).
Tata Motors shows tremendous growth and rose 3.1% while Maruti Suzuk also gained 2.9%. However there are some shares which shows heavy declines as well such as Bharat Heavy Electricals (3.9% loss), ACC Ltd dropped 3.8% after reporting a 57 percent fall in quarterly profit due to a one-time charge.
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