Rise in Sensex, gold's dip & Apple's surge in India-Catch the important trends

THE ECONOMIC TIMES Thu, Apr 18, 2013 | 05:45 PM IST Daily Newsletter

Sensex rises 770 points for the week; top 5 stocks which hit 52-week highs Defensives have been the flavour of the week for markets, with ITC hitting fresh record highs on a regular basis. Gold prices likely to dip more, no immediate triggers to push it up: BofA-ML According to BofA-ML, Cyprus' announcement to sell gold was a key trigger behind the meltdown, as it raised concerns that other nations may follow suit.

Story of The Day Maneesh Dhir, Sanjay Kaul: The men behind Apple’s sudden surge in India Apple has become the country’s second-largest smartphone supplier in the last quarter on 2012 with a 15.6% share in revenue. read more

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Popular Stories Post appraisal, Cognizant asks underperformers to go Bomb blast near BJP office in Bangalore, several injured Maneesh Dhir, Sanjay Kaul: The men behind Apple’s sudden surge in India

Market Watch 18 Apr | 05:45PM SENSEX 19016.46↑285.30 NIFTY 5783.10↑94.40 USD/INR 53.98↓-0.23 GOLD (Rs/10g.) 25798.00↑119.00

Latest Updates Bond, forex markets to remain in bullish mode Bond and forex markets are likely to remain in a bullish mode next week ahead of the RBI's annual monetary policy review on May 3. Sharma favours raising FDI cap in defence sector Currently, only 26 per cent FDI is permitted in the defence production, which the DIPP is proposing to raise to 49 per cent. Mobile apps bring religion to your fingertips Tech has brought spirituality to the fingertips of today's generation, who are discovering ancient religious texts and mythology with spiritual apps. Portugal launches another round of spending cuts Portugal's deficit target for this year is 5.5 per cent. Last year, it stood at 6.4 per cent, above the 4.5 per cent target.

Gainers Losers 18 Apr, 2013, 05:45PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Padmalaya Telefilms Ltd. 1.92 20.00 1150 1.92 1.40 Talbros Automotive Components Ltd. 37.85 19.97 554 37.85 34.05 Virinchi Technologies Ltd. 9.58 19.75 17380 9.59 7.50 Mount Shivalik Industries Ltd. 28.50 18.75 2 28.50 28.50 Zodiac JRD MKJ Ltd. 21.90 18.38 302 21.90 19.70

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