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	Dated:15 March,2013

Top Headlines Sensex snaps 3-day losing streak as rate cut hopes grow The Sensex rose 1.1 per cent on Thursday, ending a three-day losing streak, as interest rate-sensitive stocks rose. Despite uptick in inflation, RBI may cut rates by 25 bps: Moody’s The recent rumblings from the RBI, including praise for the govt’s reforms and recent budget, suggest that a small March rate cut is likely. Volatile Bank Nifty surges after steep fall, triggers market recovery The Bank Nifty rebounded around 470 points from the day’s low on the back of short coverings on the hopes of a rate cut by the RBI. Views on Stocks/Markets Titan Industries tanks 20% in 2013; is the bull run over? BofA-ML raises target price of ITC on price hike expectations Jefferies upgrades HUL to hold; raises target price to Rs 465 IPO/Global Markets Nikkei climbs Asian markets fall Europe mkts near 5 yr high Rupee / Gold Rupee ends at 54.355/365 per $ Gold down Rs 10 Gold holds below $1,590 More 'Market' News Expect rupee to appreciate in near term: Anand Rathi "RBI Governor is not really giving a signal that he would not do a rate cut, but he is just trying to sensitise that high inflation ultimately is not good for growth." Expect some upside in market to 6000-6050 levels: Sharekhan "But given the overall weak sentiment towards India and the earnings season not being that great, the upside should be capped around 6000-6050 levels." Expect RBI to cut repo rates based on inflation reading: Nirmal Bang "They will cut rates, but the question is when, and I guess the despondency in bank stocks is because of that."	Market Round-up SENSEX 19427.56 -142.88 NIFTY 5872.60 -36.35 S&P500 1,487.85 -27.75 NASDAQ 3,116.25 -45.57 USD/INR 54.3641 .04 NSE Gainers Scrip Price(Rs.) %Change Linde India Ltd. 302.75 + 20.00 Parrys Sugar Industries L 51.70 + 16.31 Timken India Ltd. 152.60 + 15.65 Indian Terrain Fashions L 48.00 + 14.15 Pratibha Industries Ltd. 46.65 + 13.78 NSE Losers Scrip Price(Rs.) %Change Amtek India Ltd. 74.00 -18.28 SREI Infrastructure Finan 28.75 -16.06 Essar Ports Ltd. 78.25 -11.88 Manugraph India Ltd. 31.30 -10.57 Star Paper Mills Ltd. 10.35 -10.00

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