Market Watch

Tuesday, 1 April 2014

Stock Alert: Indian Shares Hit Record Highs

Indian shares trade flat after earlier rising to record highs for a seventh consecutive session ahead of the Reserve Bank of India's monetary policy review at 11 am IST (0530 GMT) in which it is likely to keep rates unchanged.

Hindalco Industries Ltd falls 2.4 percent on profit taking after rising 8.3 percent on Monday.
Punjab National Bank is down 1 percent after being the best performer of the NSE in March with a 35 percent rally.
•Among blue-chips, Tata Consultancy Services and Tata Motors gain 1 percent each.
•Overseas investors bought Indian shares worth 9.43 billion rupees ($157.9 million) on Monday, provisional exchange data show.
•IT stocks gained. HCL Technologies (up 1.63%), Infosys (up 0.85%), TCS (up 1.48%), Tech Mahindra (up 1.28%) and Wipro (up 1.83%) gained.

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