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Nifty attains record closing high

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Cement, construction and capital goods led gains for key benchmark indices after the government provided a thrust on the infrastructure sector and sharply increased the government's capital expenditure for 2015-16 in Union Budget 2015-16 tabled by Finance Minister Arun Jaitley in parliament on Saturday, 28 February 2015. The 50-unit CNX Nifty attained record closing high. The barometer index, the S&P BSE Sensex, attained 1-1/2-week closing high. Rally in cement stocks meant that the gain in the 50-unit CNX Nifty in percentage terms was higher than the gain in the Sensex. There is not a single cement stock which has representation in the Sensex whereas all the three major cement makers -- UltraTech Cement, ACC and Ambuja Cements -- are a part of the Nifty. Shares of these three cement companies rose 5.3% to 7.7%.

The market breadth indicating the overall health of the market was positive. The Sensex rose 97.64 or 0.33% to settle at 29,459.14. The BSE Mid-Cap index garnered 1.31%, outperforming the Sensex.

Key indices edged higher for third day in a row today, 2 March 2015.

Meanwhile, the outcome of a survey showed that Indian manufacturing activity expanded at its slowest pace in five months in February.

Index heavyweight L&T hit record high on strong infrastructure push in the Union Budget 2015-16. ITC extended steep losses registered during the previous trading session triggered by the government raising excise duty on cigarettes in the Union Budget 2015-16. Shares of public sector oil marketing companies (PSU OMCs) edged higher after the companies announced increase in petrol and diesel prices with effect from midnight of 28 February 2015/1 March 2015. Aviation stocks edged lower after jet fuel price was hiked by a steep 8.2% on 1 March 2015. Bajaj Auto tumbled after weak sales in February 2015.

Private sector banks edged higher as after the Finance Minister on Saturday, 28 February 2015, said at the time of presenting the Union Budget 2015-16 in Lok Sabha that the government intends to do away with the distinction between different types of foreign investments and replace them with composite caps. Pharma stocks edged higher. Shares of power equipment makers rose after the Union Budget 2015-16 announced on Saturday, 28 February 2015, proposed setting up 5 new ultra mega power projects of 4,000 megawatts (MW) each in the plug-and-play mode.

Meanwhile, global credit rating agency Standard and Poor's reportedly said today, 2 March 2015, that a relatively heavy general government debt burden and large budgetary subsidies could constrain its sovereign credit ratings on India. Meanwhile, the Government of India and the Reserve Bank of India (RBI) have signed an agreement on monetary policy framework whereby the two sides have officially decided inflation targeting by the RBI.

Key indices underwent intraday volatility today, 2 March 2015. The Sensex and Nifty, both, hit their highest level in more than four weeks in morning trade. Key indices reversed direction later. The Sensex alternately swung between positive and negative zone till mid-afternoon trade. The Sensex once again firmed up in late trade.

Domestic institutional investors (DIIs) sold shares worth a net Rs 740.74 crore on Saturday, 28 February 2015, as per provisional data released by the stock exchanges. A special live trading session was held on that day due to presentation of the Budget.

In the foreign exchange market, the rupee edged lower against the dollar.

Brent crude oil futures edged lower after previous trading session's sharp rally.

In overseas markets, European stock edged higher. Asian stocks edged higher, buoyed by an interest rate cut in China.

The S&P BSE Sensex gained 97.64 or 0.33% to settle at 29,459.14, its highest closing level since 19 February 2015. The index jumped 214.82 points at the day's high of 29,576.32 in morning trade, its highest level since 30 January 2015. The index fell 101.73 points at the day's low of 29,259.77 in afternoon trade.

The CNX Nifty gained 54.90 points or 0.62% to settle at 8,956.75, a record closing high for the index. The index hit a high of 8,972.35 in intraday trade. The index hit a low of 8,885.45 in intraday trade.

The BSE Mid-Cap index rose 142.08 points or 1.31% to settle at 10,952.93. The BSE Small-Cap index rose 104.36 points or 0.93% to settle at 11,370.80. Both these indices outperformed the Sensex.

The market breadth indicating the overall health of the market was positive. On BSE, 1,510 shares advanced while 1,328 shares declined. A total of 121 shares were unchanged.

The total turnover on BSE amounted to Rs 4629 crore, higher than Rs 4230.96 crore during the previous trading session.

Among the sectoral indices on BSE, the S&P BSE Capital Goods index (up 3.58%), the S&P BSE Healthcare index (up 1.87%), the S&P BSE Bankex (up 1.81%), the S&P BSE Power index (up 1.46%) outperformed the Sensex. The S&P BSE Oil & Gas index (up 0.21%), the S&P BSE IT index (up 0.02%), the S&P BSE Metal index (down 0.06%), the S&P BSE Teck index (down 0.23%), the S&P BSE Auto index (down 0.29%), the S&P BSE Realty index (down 0.3%), the S&P BSE Consumer Durables index (down 1.16%) and the S&P BSE FMCG index (down 1.89%) underperformed the Sensex.

Index heavyweight L&T hit record high on strong infrastructure push in the Union Budget 2015-16. The stock was up 4.48% at Rs 1,846.05. The stock hit a record high of Rs 1,848 in intraday trade. The stock hit a low of Rs 1,780.25 in intraday trade.

The Union Budget 2015-16 announced on Saturday, 28 February 2015, proposed setting up 5 new ultra mega power projects of 4,000 megawatts (MW) each in the plug-and-play mode. All clearances and linkages will be in place before the project is awarded by a transparent auction system. Similar plug-and-play projects in other infrastructure projects such as roads, ports, rail lines, airports etc will also be considered, Finance Minister Arun Jaitley said in his first full-fledged Union Budget 2015-16 announced on Saturday, 28 February 2015.

Meanwhile, L&T during trading hours today, 2 March 2015 said that the power transmission and distribution (PT&D) business of L&T Construction has executed and commissioned two benchmark projects in the country.

Shares of power equipment makers rose after the Union Budget 2015-16 announced on Saturday, 28 February 2015, proposed setting up 5 new ultra mega power projects of 4,000 megawatts (MW) each in the plug-and-play mode. Bharat Heavy Electricals (up 4.16%), Siemens (up 6.3%), ABB (up 0.44%) and Thermax (up 7.04%) edged higher.

All clearances and linkages will be in place before the project is awarded by a transparent auction system. Similar plug-and-play projects in other infrastructure projects such as roads, ports, rail lines, airports etc will also be considered, Finance Minister Arun Jaitley said in his first full-fledged Union Budget 2015-16 announced on Saturday, 28 Februrary 2015.

Plug and play projects in core infrastructure sectors and to start with 5 UMPP projects will be good for capital goods industry that is hurt by subdued order finalization in domestic market.

GMR Infrastructure (GMR Infra) dropped 5.6% at Rs 17.70. GMR Infra before market hours today, 2 March 2015 said that its board of directors at a meeting held on Saturday, 28 February 2015, finalised the terms and conditions of the issue of equity shares having face value of Re. 1 each by the company on a rights basis to its existing shareholders (as on the record date). As per the terms, the issue size is Rs 1401.83 crore consisting of 93.45 crore fully paid up equity shares of face value of Re 1 each. The equity shares are being offered on a rights basis to the eligible equity shareholders in the ratio of 3 equity shares for every 14 equity shares held on the record date. The issue price is Rs 15 per equity share (including a premium of Rs 14 per equity share).

The company after market hours said that the company has fixed Record Date as 12 March 2015 for the purpose of rights issue in the ratio of 3 equity shares for every 14 equity shares.

Bank stocks were mixed after the finance ministry said that the Government of India and the Reserve Bank of India (RBI) have signed an agreement on monetary policy framework whereby the two sides have officially decided inflation targeting by the RBI. Among PSU bank stocks, Bank of Baroda (down 1.4%), Indian Overseas Bank (down 0.2%), State Bank of India (down 0.03%) edged lower. Canara Bank (up 1.04%), Union Bank of India (up 0.06%), Bank of India (up 0.53%), Andhra Bank (up 0.18%) and Punjab National Bank (up 0.27%) edged higher.

The government has allocated Rs 7940 crore for recapitalization of Public Sector Banks in 2015-16 to help them maintain comfortable level of CRAR in compliance with Basel-III norms. Meanwhile, in order to improve the Governance of Public Sector banks, the Government intends to set up an autonomous bank Board Bureau. The Bureau will search and select heads of Public Sector banks and help them in developing differentiated strategies and capital raising plans through innovative financial methods and instruments. This would be an interim step towards establishing a holding and investment company for Banks, Jaitley said while presenting Union Budget 2015-16 in the Lok Sabha on Saturday, 28 February 2015.

Private sector banks edged higher. HDFC Bank (up 1.2%), ICICI Bank (up 0.85%), Axis Bank (up 5.97%), ING Vysya Bank (up 0.95%), Kotak Mahindra Bank (up 0.54%), IndusInd Bank (up 2.48%), Yes Bank (up 0.85%) and Federal Bank (up 6.07%) edged higher.

At the time of presenting the Union Budget 2015-16, Jaitley on Saturday, 28 February 2015, said that the government intends to do away with the distinction between different types of foreign investments, especially between foreign portfolio investments and foreign direct investments, and replace them with composite caps. Banks with foreign investment cap of below 74% would be able to attract more foreign investment.

Reliance Industries (RIL) fell 0.32% at Rs 863.50. The stock hit a high of Rs 875.60 and a low of Rs 856.15. RIL during market hours today, 2 March 2015, said that early morning today, 2 March 2015, a fire was noticed in a section of its associate company Reliance Gas Transportation Infrastructure (RGTIL)'s pipeline in Maddikunta near Sadasivapet (earlier reported near Zaheerabad) in remote Telangana. The company's experts immediately reached the war room as well as the site of fire, RIL said. There was no injury or loss of life, RIL added. The fire has been controlled by safely evacuating and coordoning off that section of pipeline. After an internal investigation, normal gas flow to the downstream customers will be resumed, RIL said. Reduction or interruption of gas flow to the downstream customers is expected to last for a period of about 24 to 48 hours, RIL said. All concerned authorities and affected customers have been informed, it added.

Cairn India fell 0.41% at Rs 253.70. The stock hit a high of Rs 258 and a low of Rs 253.35. In a clarification with regard to news item titled "3 senior Cairn execs under leakgate probe", Cairn India during market hours today, 2 March 2015, said that Cairn India is a law abiding corporate and follows highest standards of corporate governance. The matter is under investigation and it would be inappropriate to make any comments at this stage, Cairn India said. The company however, has and will continue to extend all necessary cooperation to the authorities, Cairn India said.

Shares of PSU OMCs advanced after the companies announced increase in petrol and diesel prices with effect from midnight of 28 February 2015/1 March 2015. BPCL (up 4.2%), HPCL (up 6.01%), and Indian Oil Corporation (up 5.48%) edged higher.

Indian Oil Corporation (IOCL) after trading hours on Saturday, 28 February 2015, announced increase in retail selling price of petrol by Rs 3.18 a litre at Delhi (including state levies), with corresponding increase in other states. The diesel price was raised by Rs 3.09 a litre. IOCL said there has been steep increase in international prices of both petrol and diesel after the last price revision on 16 February 2015. The rupee depreciated slightly during this period. The combined impact of both these factors warrants increase in retail selling prices of both petrol and diesel, IOCL said in a statement. The movement of prices in international oil market and the rupee-dollar exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes, IOCL said.

ITC extended steep losses registered during the previous trading session triggered by the government raising excise duty on cigarettes in the Union Budget 2015-16. The stock was off 4.91% at Rs 343.50. Shares of ITC had tumbled 8.26% to settle at Rs 361.25 on Saturday, 28 February 2015. Finance Minister Arun Jaitely in the Union Budget 2015-16 on Saturday, 28 February 2015, announced that excise duty on cigarettes is being increased by 25% for cigarette of length not exceeding 65 mm and by 15% for cigarette of other lengths. Similar increases are proposed on cigars, cheroots and cigarillos.

Cement stocks gained in anticipation that huge spending on infrastructure sector unveiled by the government in the Budget would boost demand for cement.

ACC surged 5.44% at Rs 1,774.80 which is a record high for the stock. The stock hit a low of Rs 1,680 in intraday trade.

Ambuja Cements gained 5.3% at Rs 286. The stock hit record high of Rs 286.60 in intraday trade. The stock hit a low of Rs 271.95 in intraday trade.

UltraTech Cement jumped 7.7% at Rs 3,379. The stock hit a record high of Rs 3,385 in intraday trade. The stock hit a low of Rs 3,152 in intraday trade.

Shree Cement gained 5.57% at Rs 11,425. Shree Cements during market hours today, 2 March 2015, said that it has commissioned cement mill section of 2.60 million tons per annum (MTPA) capacity at Baloda Bazar near Raipur in Chhattisgarh on 24 February 2015.

Grasim Industries was up 6.09% at Rs 3,988. Grasim has exposure to the cement sector through its subsidiary UltraTech Cement.

According to reports, cement prices could go up by Rs 15-20 a bag due to hike in excise duty. The government had announced hike in excise duty on cement by Rs 100 per tonne to Rs 1,000 per tonne in Union Budget 2015-16 on 28 February 2015.

Coal India rose 0.33% at Rs 395.15. The stock hit a high of Rs 398 and a low of Rs 386.10. Coal India during market hours today, 2 March 2015 reported production and offtake performance figures for February 2015. Coal India said that the company and its subsidiary companies' production on provisional basis was 103% of targeted production at 47.98 million tonne in February 2015. Coal India and its subsidiary companies' offtake on provisional basis was 100% of targeted offtake at 43.17 million tonne in February 2015.

With respect to media reports titled CIL Board Approves East corridor Railway Project, Coal India after market hours clarified that at the company's board meeting held on 27 February'2015, the board considered project report on East Rail Corridor Railways Project for construction of rail line at Chhattisgarh state and accorded its approval to first year expenditure. The minutes of the meeting is under preparation and it will take some time to finalize. The company is waiting for the final minutes to disseminate the information to stock exchanges, Coal India said.

Auto stocks were mixed. Mahindra & Mahindra (M&M) fell 0.89%. M&M after market hours today, 2 March 2015, said that the company's auto sales declined 10% to 38,033 units in February 2015 over February 2014. Domestic sales fell 11% to 34,918 units in February 2015 over February 2014. Exports rose 10% to 3,115 units in February 2015 over February 2014.

Separately, M&M during market hours today, 2 March 2015, said that the company's total tractor sales fell 35% to 11,437 units in February 2015 over February 2014. Domestic sales declined 38% to 10,267 units in February 2015 over February 2014. Exports rose 13% to 1,170 units in February 2015 over February 2014.

Tata Motors fell 1.84%. Tata Motors during market hours today, 2 March 2015, said that the company saw strong growth in certain key segments, as passenger cars (excluding UV's) and M&HCV grew by 31% and 34%, respectively in February 2015 over February 2014. The total commercial and passenger vehicles sales (including exports) rose 11% to 44,225 vehicles in February 2015 over February 2014. The company's domestic sales of Tata commercial and passenger vehicles rose 14% to 40,314 units in February 2015 over February 2014.

Tata Motors' total exports fell 16% to 3,911 units in February 2015 over February 2014, Tata Motors said.

Maruti Suzuki India rose 2.95% at Rs 3,725. Maruti Suzuki India during market hours today, 2 March 2015, said that its total sales rose 8.7% to 1.18 lakh units in February 2015 over February 2014. Domestic sales rose 8.2% to 1.07 lakh units in February 2015 over February 2014. Exports rose 14% to 10,659 units in February 2015 over February 2014.

Bajaj Auto fell 4.02% at Rs 2,075 after total sales fell 22% to 2.43 lakh units in February 2015 over February 2014. The announcement was made during trading hours today, 2 March 2015. Motorcycles sales fell 21% to 2.16 lakh units in February 2015 over February 2014. Sales of commercial vehicles fell 32% to 27,242 units in February 2015 over February 2014. Exports fell 20% to 1.12 lakh units in February 2015 over February 2014.

Hero MotoCorp fell 2.04%. The company after market hours today reported 3.85% fall in sales to 4.84 lakh shares in February 2015 over February 2014. Hero MotoCorp is set to launch a slew of new models in the coming months, including a range of scooters, the company said.

Eicher Motors fell 0.41% at Rs 16,160. The stock hit a high of Rs 16,699 and a low of Rs 16,160. Eicher Motors before market hours today, 2 March 2015, said that the total sales of its subsidiary VE Commercial Vehicles rose 9.2% to 3,100 units in February 2015 over February 2014. Domestic sales rose 9.6% to 2,774 units in February 2015 over February 2014. Exports rose 5.5% to 326 units in February 2015 over February 2014.

Separately, Eicher Motors before market hours today, 2 March 2015 said that its total sales jumped 49% to 30,240 units in February 2015 over February 2014. Exports rose 49% to 749 units in February 2015 over February 2014.

Ashok Leyland rose 4.52% at Rs 72.90. Ashok Leyland during market hours today, 2 March 2015 said that its total sales rose 36% to 10,762 units in February 2015 over February 2014. Sales of medium & heavy commercial vehicles (M&HCV) rose 48% to 8,230 units in February 2015 over February 2014. Light commercial vehicles (LCV) sales rose 8% to 2,532 units in February 2015 over February 2014.

Atul Auto rose 3.08% after the company's total sales rose 9.57% to 3,402 units in February 2015 over February 2014. The company made the announcement during market hours today, 2 March 2015.

Pharma stocks were mostly higher. Wockhardt (up 5.14%), Lupin (up 2.58%), Cipla (up 5.54%), Dr Reddy's Laboratories (up 1.06%), Sun Pharmaceutical Industries (up 1.98%), Aurobindo Pharma (up 1.75%) and Ranbaxy Laboratories (up 2.19%) edged higher.

In the Union Budget 2015-16 announced on Saturday, 28 February 2015, Finance Minister Arun Jaitley said that in spite of the large increase in the devolution to states, adequate provision is being made for the schemes for the poor with allocation of Rs 33152 crore to the health sector. He said, with a view to encourage savings and to promote healthcare among individual tax payers, it is proposed to increase the limit of reduction of health insurance premium from Rs 15,000 to Rs 25,000 and for senior citizen this limit is being increased from Rs 20,000 to Rs 30,000. Three new National Institutes of Pharmaceutical Education and Research will be set up in Maharashtra, Rajasthan and Chattisgarh and one institute of Science and Education Research will be set up in Nagaland and Odisha each.

Natco Pharma surged 4.48%. Natco Pharma during market hours today, 2 March 2015 said that the company has signed a nonexclusive licensing agreement with Gilead Sciences, to manufacture and sell generic versions of its chronic hepatitis C medicines. The medicines include sofosbuvir, ledipasvir/sofosbuvir and the investigational NS5A inhibitor GS-5816, which is being evaluated in Phase 3 clinical studies as part of a single tablet regimen that combines the compound and sofosbuvir for the treatment of all six genotypes of hepatitis C, Natco Pharma said.

Jindal Steel & Power lost 4.14% to Rs 187.70 on profit booking after the stock jumped 7.52% in the preceding four trading session to Rs 195.80 on 28 February 2015, from a recent low of Rs 182.10 on 24 February 2015.

TCS fell 0.19% at Rs 2,670.35. The stock hit a high of Rs 2,707 and a low of Rs 2,653.25. TCS during market hours today, 2 March 2015 announced the launch of business process innovation and simulation & visualization as a service (VaaS) in a strategic partnership with iRise, the global leader in enterprise visualization and simulation software. TCS' new offerings will enable customers to realize business solutions faster by accelerating time to value, TCS said in a statement.

Infosys fell 0.57% at Rs 2,281.85. The stock hit a high of Rs 2,308 and a low of Rs 2,278.40. Infosys during market hours today, 2 March 2015, said that it has signed a five-year agreement with the leading global express delivery company TNT, to help TNT simplify and transform its technology applications.

Aviation stocks edged lower after jet fuel price was hiked by a steep 8.2% on 1 March 2015. SpiceJet (down 3.04%) and Jet Airways (India) (down 3.29%) edged lower.

The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was hiked by Rs 3,849.97 per kilolitre, or 8.2%, to Rs 50,363 per kilo litre with effect from midnight of 28 February 2015/1 March 2015.

Key indices edged higher for third day in a row today, 2 March 2015. The Sensex has gained 712.49 points or 2.47% in three trading sessions from its recent low of 28746.65 on 26 February 2015. The Sensex garnered 276.19 points or 0.94% in February 2015. The Sensex has risen 1,959.72 points or 7.12% in this calendar year so far (till 2 March 2015). From a 52-week low of 20,920.98 on 3 March 2014, the Sensex has risen 8,538.16 points or 40.81%. The Sensex is off 385.02 points or 1.29% from a record high of 29,844.16 hit on 30 January 2015.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 61.92, compared with its close of 61.83 during the previous trading session on Friday, 27 February 2015.

Brent crude oil futures edged lower after previous trading session's sharp rally. Brent for April settlement was off 64 cents at $61.94 a barrel. The contract had jumped $2.53 a barrel or 4.21% to settle at $62.58 a barrel during the previous trading session on Friday, 27 February 2015.

The Government of India and the Reserve Bank of India (RBI) have signed an agreement on monetary policy framework whereby the two sides have officially decided inflation targeting by the RBI. A document dated 20 February 2015 published on the finance ministry's website today, 2 March 2015, showed that the two sides have set consumer price inflation target of 4% with a band of plus or minus 2 percentage points for the financial year 2016-17 and all subsequent years. The RBI will first aim to have consumer inflation fall below 6% by January 2016. The RBI governor will determine the main lending rate viz. the repo rate and any other measures needed to achieve the inflation target. The central bank will be deemed to have missed its target if consumer inflation is at more than 6% for three consecutive quarters, starting from the financial year 2015-16. The central bank will also be deemed to have missed its target if consumer inflation is less than 2% for three consecutive quarters, starting from the financial year 2016-17. If the central bank fails to meet the inflation target, it will have to submit a report to the Government of India stating therein the reasons for the RBI's failure to achieve the inflation target, the remedial actions proposed to be taken by the RBI and an estimate of the time-period within which the inflation target will be achieved pursuant to the timely implementation of the proposed remedial measures.

Meanwhile, the outcome of a survey showed that Indian manufacturing activity expanded at its slowest pace in five months in February, with output and new orders expanding at softer rates than those seen in the past four months. The HSBC Manufacturing Purchasing Managers' Index, compiled by Markit, fell for the second consecutive month, to 51.2 in February from 52.9 in January. A reading above 50 separates growth from contraction. The moderation in the growth rate was evident across the three monitored market groups. Subsequently, employment decreased, reversing the marginal rise seen in January. Output charge inflation was historically muted as some manufacturers offered discounts due to a competitive environment. Furthermore, costs fell for the first time in almost six years. On a positive note, foreign orders rose at a strong and accelerated pace, while the PMI remained in positive territory. These factors brighten the prospects for a rebound in output and employment in coming months, said Pollyanna De Lima, Economist at Markit.

Meanwhile, global credit rating agency Standard and Poor's reportedly said today, 2 March 2015, that a relatively heavy general government debt burden and large budgetary subsidies could constrain its sovereign credit ratings on India. The rating agency said that India's budget for 2015/16 highlighted the government's commitment to keeping the fiscal deficit low.

Finance Minister Arun Jaitley provided a thrust on the infrastructure sector, sharply increased the government's capital expenditure for 2015-16 and announced a road map for a reduction in corporate tax rate by five per cent over four years when he presented Union Budget 2015-16 in parliament on Saturday, 28 February 2015.

European stock markets were higher today, 2 March 2015. Key indices in Germany and UK were up 0.3% to 0.32%. In France, the CAC 40 index was off 23%.

Meanwhile, German finance minister Wolfgang Schaeuble reportedly softened his hard-line attitude towards Greece, saying its new Left-wing Syriza government needs a bit of time but appears to be able to work towards resolving its debt crisis.

Asian stock markets edged higher today, 2 March 2015, buoyed by an interest rate cut in China. Key indices in China, Singapore, Japan, Hong Kong, South Korea and Indonesia were up 0.03% to 0.78%. Taiwan's Taiwan Weighted index shed 0.22%.

China's central bank cut benchmark interest rates for the second time in three months as disinflation gives room to step up support for the nation's slowing economy. The People's Bank of China on Saturday, 28 February 2015, cut the benchmark interest rate by 25 basis points (bps) to 5.35% and reduced the benchmark saving rate by a similar margin to 2.5%.

HSBC's final reading of China's manufacturing sector in February came in at 50.7, much higher than the flash reading of 50.1 and the official February reading announced over the weekend, latest data today, 2 March 2015 showed.

Trading in US index futures indicated that the Dow could gain 30 points at the opening bell today, 2 March 2015.

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First Published: Mon, March 02 2015. 16:53 IST
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