Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
IT and pharma companies again save the day; mask pain in domestic consumption.
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
Re-instatement of 5% custom duty on crude imports will help.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
While even the Opposition doesn't believe that Kerala Chief Minister Oommen Chandy is personally involved in the solar scam, the Congress leaders reputation has been tainted. And while he tells Indulekha Aravind that it is only a conspiracy, it may have a bearing on the coming general elections