Macquarie downgrades India, Sensex zooms, Infosys Q1 guidance & other stories

To ensure delivery directly to your inbox, Please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here.
	Dated:11 July,2013

Top Headlines Macquarie downgrades India to ‘underweight’, remains ‘overweight’ on China "Now we are downgrading India to ‘underweight’ from ‘overweight,” Macquarie Equity Research said in a note. Sensex zooms to 6-week high; up 382 points on Fed comments The rupee strengthening for the third day against the US dollar to 59.42 intra-day, amid an overall firming global trend also pepped up the sentiment. Brokerages eye Infosys' FY14 guidance after Murthy's return Apart from Q1 earnings, the street will be keenly watching the FY14 revenue guidance and company strategy after the return of Narayan Murthy. Views on Stocks/Markets Select stocks with visible earnings growth: Motilal Oswal CLSA slashes SAIL's target price on bleak margin outlook Market can decline if FII outflow continues: ING Investment IPO/Global Markets China shares edge up Nikkei up despite yen's strength Aussie shares close at 6-wk highs Rupee / Gold Gold destined to be insulated Rupee snaps two-day rally Gold zooms to 3-week high More 'Market' News Expect Nifty to touch 6100 levels in near term: Nomura Today’s move is definitely very encouraging, especially given the fact that we have broken past that 5900-5920 levels. FII flows to drive the market in near future: Barclays Flows will continue to drive the market and to some extent those flows will be determined by India's standing among emerging markets. Current volatile environment is good time to invest The current environment with weak domestic economic indicators is a good time to invest in equities as FIIs are selling in huge numbers.	Market Round-up SENSEX 19676.06 381.94 NIFTY 5935.10 118.40 S&P500 1,661.53 8.91 NASDAQ 3,557.79 37.03 USD/INR 60.0738 -.12 NSE Gainers Scrip Price(Rs.) %Change Todays Writing Instrument 10.65 + 688.89 First Winner Industries L 30.30 + 450.91 Almondz Global Securities 26.90 + 200.56 Parrys Sugar Industries L 52.10 + 147.51 Melstar Information Techn 6.80 + 147.27 NSE Losers Scrip Price(Rs.) %Change Celebrity Fashions Ltd. 2.50 -67.53 Bodhtree Consulting Ltd. 16.25 -48.17 IMP Powers Ltd. 26.50 -33.50 Larsen & Toubro Ltd. 964.85 -31.75 Money Matters Financial S 107.05 -30.80

About Us | Advertise with Us | Terms of Use and Grievance Redressal Policy | Privacy Policy | Feedback | Sitemap Copyright © 2013 Bennett Coleman & Co. Ltd All rights reserved. For reprint rights: Times Syndication Service If you want to unsubscribe the service, please click here.