FACTORS
- Technical : breaches pivot resistance at 53.6434; next resistance at 53.4117, 52.9667;pivot point at 53.8567; support at 54.0884, 54.3017, 54.7467.
- FORECAST 4Q GDP expanded 4.9% Y/y vs 5.3% in 3Q,
- Finance Minister Chidambaram presents annual budget for 12 months starting April 1
- FM vowed to pare the gap to 4.8 % of GDP in the year through March 2014 from 5.3 % this year.
- India may grow between 6.1 % to 6.7% next fiscal year