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Maruti shares up on hopes Manesar plant will re-open
Nifty needs to close over 5350 to start a ‘higher top, higher bottom’ formation, which is a bullish sign. For the week gone by, the Nifty closed higher by 2 per cent, while the Bank Nifty closed the week up 0.42 per cent.
13 Aug 2012, 03:14 PM IST 
Habil Khorakiwala, chairman of Wockhardt
Shares in carmaker Maruti Suzuki gained 1.8 per cent on rising hopes that the auto maker will announce a resumption of production at its Manesar plant.
Speculation that the auto maker could make an announcement as early as Monday is driving up the shares, traders say.
The plant in Manesar has been shut since mid-July following a violent clash between workers and management.
Copyright Thomson Reuters 2012