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	Dated:22 May,2013

Top Headlines Sensex at fresh 1-week low; down 49 pts as L&T slumps 6% Brokers said sentiment turned bearish as L&T's Q4 earnings missed the market estimates and its stock suffered a heavy loss of 5.57% Strong demand for dollar may push rupee towards 57-58 levels Going ahead, if the rupee stays above 55 levels, it will drive the Re-Dollar pair towards new record levels. Brokerages see Tech Mahindra scaling Rs 1100 levels post Q4 results Going forward, analysts see strong structural growth in Tech Mahindra, which should drive the overall metrics of the company. Views on Stocks/Markets Bullish on ITC, Godrej Consumer in FMCG pack: Gaurang Shah Hot stock: Morgan Stanley overweight on United Spirits, sees 29% upside JP Morgan downgrades Apollo Hospitals to 'neutral' on muted growth outlook IPO/Global Markets Just Dial IPO fully subscribed Nikkei hits fresh 5-1/2-yr high HK ends down; China mixed Rupee / Gold Rupee falls for fourth day Gold prices slip; silver gains 'Re to be in 54.50-56 range' More 'Market' News Government further cuts import tariff value of gold to $440/10g In the wake of falling global prices of precious metals, the govt today further slashed the import tariff value of gold to $440 per ten grams. USD strength, gold demand weighing on rupee: Sameer Goel, Deutsche Bank There has clear been steps taken by govt to improve and cheapen access for offshore investors to local bond markets, says Sameer Goel. Indian market is not investor friendly: Dennis Lim, Templeton EMs Group We think that the equity markets will continue to benefit from this global liquidity, says Dennis Lim, Templeton Emerging Markets Group.	Market Round-up SENSEX 20062.24 -49.37 NIFTY 6094.50 -19.60 S&P500 1,669.16 2.87 NASDAQ 3,502.12 .00 USD/INR 55.1748 .15 NSE Gainers Scrip Price(Rs.) %Change MVL Industries Ltd. 22.50 + 423.26 GTN Textiles Ltd. 17.00 + 226.92 Parrys Sugar Industries L 52.10 + 156.02 Hydro S & S Industries Lt 42.20 + 133.80 Cura Technologies Ltd. 39.45 + 131.38 NSE Losers Scrip Price(Rs.) %Change Salora International Ltd. 16.20 -40.55 Indian Terrain Fashions L 55.00 -36.05 Money Matters Financial S 107.05 -33.14 SPL Industries Ltd. 2.65 -31.17 Garware-Wall Ropes Ltd. 42.30 -30.48

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