NIFTY OUTLOOK ~ Share Market Updates for Tomorrow 03 April 2013

ECONOMY ANALYSIS:

1. Bajaj Auto sees slow growth continue in April-June: MD
2. Honda to spend Rs 2500 cr on Rajasthan plant
3. SC imposes Rs 100 crore fine on Sterlite
4. Current account deficit to touch 4% by Mar '14
5. UB Holdings hits new 52-week low, locks at 5% lower circuit
6. Ramky Infra bags order of Rs 387cr, stock up 13%

MARKET ANALYSIS:

1. Rising for the fourth day in a row, the BSE benchmark Sensex today regained 19,000 level after two weeks by adding 176 points on sustained buying by funds on optimism of more economic reforms amid a firming global trend. 
2. The Sensex closed 176.20 points higher, or 0.93 per cent to 19,040.95, a level last seen on March 18. The index had gained 183 points in last three sessions. 
3. Similarly, the broad-based National Stock Exchange index Nifty rose by 43.70 points, or 0.77 per cent, to 5,748.10. 
4. The upsurge was led by trend-setter Reliance Industries, and pharma major Sun Pharmaceuticals on reports of drugs price hike. The RILBSE 2.03 % shot up by 2.03 per cent to Rs 793.95 and Sun Pharma by 4.61 per cent to Rs 851.50.
5. Rcom spurted by 10.86 per cent to Rs 63.30, after the company struck a Rs 1,200-crore deal with Mukesh Ambani-led Reliance Industries' telecom.