Tata Motors bids Ratan good bye, bags India's best blue chip performer tag in 2012

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Tata Motors Ltd is the best performer among the BSE's top 30 stocks in 2012. (Reuters) Tata Motors Ltd is the best performer among the BSE's top 30 stocks in 2012. (Reuters)
SummaryTata Motors Ltd is the best performer among the BSE's top 30 stocks in 2012.

* Tata Motors Ltd is the best performer among the BSE's top 30 stocks in 2012, helped by hopes for a turnaround in the performance of luxury unit Jaguar Land Rover.

* Ratan Tata today retired as the chairman of Tata sons with Cyrus Mistry as new Chairman of the group.

* Infosys Ltd earns the worst performer status among blue chips, given the persistent concerns about global demand for software services.

* Indian lenders were the top performers among sectors, with the banking sub-index up nearly 57 percent. Real estate and fast-moving consumer goods (FMCG) were the next best sectoral performers.

* The RBI has held interest rates steady after a 50 basis points rate cut in April, but eased the cash reserve ratio by 175 basis points in 2012, helping banks improve margins.

* The central bank is also expected to cut the repo rate more aggressively next year.

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