China’s loss is Indian market’s gain, Sensex retreats and more

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	Dated:02 July,2013

Top Headlines China’s loss is Indian market’s gain: Clive McDonnell, StanChart China’s slowdown serves as a negative signal for the likes of Australia and Brazil. But in the context of India, China’s loss is very much India’s gain. Deutsche Bank prefers ITC, United Spirits in consumer space Deutsche Bank has reiterated ‘sell’ on Asian Paints and Nestle, but maintained 'buy' on ITC and USL. It upgraded Dabur but downgraded HUL. Sensex retreats from 1-month high, down 114 points on profit-booking The Sensex retreated from one-month high levels to 19,463.82, down 113.57 points, as overseas investors booked profits in bluechips. Views on Stocks/Markets United Breweries, United Spirits great buys for long term Stock Buzz: Angry Birds tie up could be big trigger for Bata Bullish on Pharma, FMCG, IT stocks: Gaurang Shah IPO/Global Markets Nikkei climbs for 4th straight day Australia shares gain HK shares reverse course Rupee / Gold Gold, silver gain Rupee falls by 14 p to 59.66 'Relief rally in gold likely' More 'Market' News Small-caps that can give nearly 20% returns in short term According to analysts, traders should use dips to go long. Ashwani Gujral bets on top small-cap stocks which can give handsome returns in short term. Contra Call: Not all analysts have ONGC on their ‘buy’ list Analysts at Citigroup have downgraded the stock to ‘neutral’ from ‘buy’, citing large gains which have already been priced in for the next one year. Top four stocks that can beat headwinds in IT sector Some of the players such as TCS, HCL Tech, Tech Mahindra and Infosys, due to their superior fundamentals, may continue to gain investor interest.	Market Round-up SENSEX 19463.82 -113.57 NIFTY 5857.55 -41.30 S&P500 1,613.07 -1.89 NASDAQ 3,430.56 -3.93 USD/INR 59.4639 -.20 NSE Gainers Scrip Price(Rs.) %Change Todays Writing Instrument 10.65 + 719.23 First Winner Industries L 30.30 + 450.91 Almondz Global Securities 26.90 + 212.79 Parrys Sugar Industries L 52.10 + 185.48 Melstar Information Techn 6.80 + 147.27 NSE Losers Scrip Price(Rs.) %Change Celebrity Fashions Ltd. 2.50 -55.36 Bodhtree Consulting Ltd. 16.25 -37.50 IMP Powers Ltd. 26.50 -32.05 Sambhaav Media Ltd. 1.05 -30.00 Money Matters Financial S 107.05 -28.63

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