Monday, March 22, 2010
Stocks fell on Monday, March 22nd, after the RBI raised policy rates for the first time in almost 2 years. Car companies and banks led the losses. The Sensex has increased 96 percent in the year through March 19th.
Tuesday, March 23, 2010
Stocks rose on Tuesday, as investors remained optimistic that spending will drive demand and lower the effect of the RBI’s rate hike. Tata Power and Jaiprakash Associates led the gains after the Prime Minister said India would spend $1 trillion on infrastructure to spur economic growth. RIL also rose 1.6%
Wednesday, March 24, 2010
Markets were closed on Wednesday on account of a religious holiday.
Thursday, March 25, 2010
The Sensitive Index climbed on Thursday led by Bharti Airtel after Zain said it was finalizing a deal to sell its assets to Bharti. Hero Honda advanced to a record high after the company’s board said it was considering paying a special interim dividend at the end of the month.
Friday, March 26, 2010
Stocks continued their advance on Friday, driving the Sensex to its highest level in more than 2 months, as investors continued to remain optimistic of high economic growth even as the government tries to contain inflation. Top gainers were Tata Motors, Hindustan Unilever, Mahindra & Mahindra, Maruti Suzuki, and ONGC. Top losers for the day were Reliance Infrastructure, DLF, Bharti Airtel, Infosys, and BHEL. Sector indices ended the day mixed.