by Mir Mazhar Hussain
A remarkable post-budget rally on Tuesday (01-March-2011) saw BSE record a steep gain of 623.10 points to close at 18,446.50 and NSE soar by 189.05 points to close at 5522.30.
Auto stocks spurred the rally on the back of stellar monthly sales numbers announced by Tata Motors, Maruti Suzuki India, TVS Motors etc.
Banking and real estate stocks welcomed the news that the government has a lower borrowing target for FY12 which means lower interest rates and higher liquidity.
M&M, Maruti Suzuki and JP Associates which were up by more than 7% were the top 3 gainers on Tuesday (01-March-2011) on both BSE and NSE.
