Share markets in India closed on a strong note yesterday.

At the closing bell yesterday, the BSE Sensex stood higher by 233 points (up 0.7%) and the NSE Nifty closed up by 61 points (up 0.6%).

Losses were however seen for mid-cap and small-cap stocks. The BSE Mid Cap index ended the day down by 0.7%, while the BSE Small Cap index ended the day down by 1.1%. Gains were seen across most of the sectors with stocks in the auto sector and IT sector leading the gains.

Top Stocks in Focus Today

Maruti Suzuki share price will be in focus today. The company’s stock was among the top gainers on the bourses yesterday after the its board approved reducing royalty rates for new models. The new method will be applicable on all new models launched by Maruti Suzuki since January 2017, starting with the urban compact hatchback Ignis. Maruti Suzuki pays royalty for some of its products in Indian rupees, which protects the company’s earnings from adverse currency fluctuations. In the December 2017 quarter, Maruti paid 5.3% of its net sales as royalty to its parent Suzuki Motor.

From the pharma space, market participants will be tracking Cipla share price. The company has received final approval for its Abbreviated New Drug Application (ANDA) for Tenofovir Disoproxil Fumarate Tablets, 300mg, from the United States Food and Drug Administration (USFDA).

Indian Hotels Co share price will also be in focus today. This comes as the company has announced that it is looking to enter the branded homes business. Reportedly, the company is in talks with Kathmandu-based Chaudhary Group (CG) to set up a residential project under the Taj brand in Colombo, where both the firms jointly own over 10 acres of land.

Economic Survey 2017-18

From the macroeconomic space, India’s economy is expected to grow by 7-7.5% in FY19, according to the Economic Survey 2017-18.

The survey, authored by chief economic adviser in the finance ministry Arvind Subramanian, said the economy is likely to grow at 6.75% in 2017-18 against 6.5% estimated by the Central Statistics Office (CSO).