Modi becoming PM will be a positive for markets: Nomura

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	Dated:10 June,2013

Top Headlines Rupee hits record low of 58 vs USD, biggest drop since Sept 2011 The rupee's fall has escalated worries about the country's CAD and complicated the task for policy makers looking to revive an economy in 2012/13. Narendra Modi becoming PM will be a positive for markets: Nomura "If Modi is the next Prime Minister of India, it will certainly be seen as a positive by financial markets given his track record in Gujarat on economic reform." Indian markets to end 2013 on higher note: JPMorgan AMC "The upside risk to Indian economy is larger than downside risk in my view and if you look at the investment growth of GDP components," Tai Hui said. Views on Stocks/Markets Barclays maintains ‘overweight’ on Cairn India, cuts target price Remain overweight on IT sector: Jigar Shah, Kimeng Securities Bajaj Finserv: Analysts positive on the stock for long term IPO/Global Markets Nikkei marks best day since Mar 2011 Hong Kong shares close up Asian markets climb Rupee / Gold Gold up by Rs 100 Can rate cut help Re? Gold futures up on rupee More 'Market' News Volatility in rupee does not bode well for IT companies: Infosys This kind of volatility in rupee is not good because 8% movement in the last four months is too big a change for anybody to handle Sensex nearly flat as free-falling rupee dashes rate cut hopes Surrendering most of its early gains, the BSE benchmark Sensex today closed just 12 points higher as rupee hitting record lows. Opto Circuits may soon turn into penny stock: Analysts The downward trend of the stock began in January after the management announced the resignation of its company secretary.	Market Round-up SENSEX 19441.07 11.84 NIFTY 5878.00 -3.00 S&P500 1,643.38 20.82 NASDAQ 3,469.22 45.17 USD/INR 57.3280 .00 NSE Gainers Scrip Price(Rs.) %Change Todays Writing Instrument 10.65 + 688.89 MVL Industries Ltd. 22.50 + 423.26 Almondz Global Securities 26.90 + 228.05 GTN Textiles Ltd. 17.00 + 220.75 Parrys Sugar Industries L 52.10 + 148.10 NSE Losers Scrip Price(Rs.) %Change Refex Refrigerants Ltd. 2.30 -42.50 Salora International Ltd. 16.20 -40.55 Trigyn Technologies Ltd. 6.70 -39.37 Money Matters Financial S 107.05 -37.40 IMP Powers Ltd. 26.50 -32.48

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