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WEEKLY UPDATE: Markets make a strong statement on positive cues
The markets were propelled this week by good economic data, the central government"s reforms agenda and strong global markets. The Sensex ended higher by 690.55 points or 4.27% at 16,848.83 and the Nifty closed at 4,998.95, up 202.80 points or 4.23%.

'India to start building 20-km roads/day by April'
Road Transport and Highways Minister Kamal Nath said here that India has achieved construction of nine-km roads per day and the target of developing 20-km daily would be accomplished by this April.

News of the day

Re drops, reversing earlier gains
Rupee fell, reversing earlier gains, on speculation importers were buying foreign exchange to save on costs. It retreated from the highest in more than a year as importers such as Indian Oil Corp, the nation’s largest refiner, may have bought foreign exchange to pay for crude oil, the price of which has increased more than 68 per cent this year.
Corporate

Infosys up 2% on growth outlook

The stock of Infosys Technologies rose nearly 2 per cent to close at Rs 2,235, a level not reached in over two years. - Infy remains cautious despite BP deal - K"taka clears first hurdle in Infy plan for 2nd campus - Slow US recovery to hit IT firms - Infy up 4 per cent on order from BP - Infosys bags 5 yrs outsourcing deal from BP - Infosys BPO partners US firm to provide mortgage solutions The stock, which has gained about 7 per cent over the last month, spurted after Nomura Holdings said it was changing its stance on the company from bearish to neutral. The stock touched an intra-day high of Rs 2,248 and a low of Rs 2,202.


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