Roundup: S&P -0.24%. Dow +0.02%. Nasdaq -0.32%. Gold at $1,591.80. London +0.11%. Germany -0.23%. France +0.10%.
In IPO news: Repco Home Finance (RHFL), a wholly-owned subsidiary of Repco Bank which is largely focused on providing home loans in tier-II and tier-III cities is out with an IPO. The issue will open today and close on March 15, Friday. The price band for the issue has been fixed at Rs 165-172 per share. (ET, ET)
Susquehanna downgraded Infosys to reflect valuation and high expectations. [stockquote]INFY[/stockquote]
Jaguar sedans rose 27% to 4,595 to help offset a slight slip in Land Rover SUV sales. Another disappointing month was seen in India, with sales off 71% Y/Y as low-cost entrants and a sluggish economy continue to hurt demand for higher-end vehicles. (ET) [stockquote]TATAMOTORS[/stockquote]
L&T is in the final stages of negotiations to sell its 50% stake to Japanese partner Komatsu in their hydraulic equipment manufacturing joint venture. (ET) [stockquote]LT[/stockquote]