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Monday, 3 March 2014

Market likely to focus on auto sales, reaction to GDP growth

As Indian gross domestic product (GDP) witnessed a subdued growth of 4.7% for December quarter in comparison to 4.8 % and 4.4 % in the last two quarters, trading will be carried out as a reaction to the same in this week.

A major focus is expected to be on auto stocks as it came across a declining sales data in February. Companies, like Tata Motors, Maruti Suzuki and Mahindra & Mahindra reported a turn down in their sales.

Suggested readings: RISING DEMAND OF USED CARS IN INDIA

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