Should investors ‘buy’ HCL Tech? Gold at Rs 29k level, Telecom stocks rally & other stories

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	Dated:31 July,2013

Top Headlines HCL Tech rises nearly 50% in 2013; should investors ‘buy’ stock? Since the stock has rallied quite a bit in the run-up to its results, investors can look at accumulating the stock on dips, say analysts. NRI/sovereign bonds needed to hold Rs 60/dollar: BofA-ML The rupee is not likely to settle down until the Reserve Bank of India is able to recoup the forex reserves, says a Bank of America Merrill Lynch report. Sensex wipes out initial losses to end almost flat Brokers said a volatile rupee raised concerns that the RBI may have to extend its liquidity tightening measures for a longer-than-expected period. Views on Stocks/Markets HCL Tech may become Rs 1000 stock within a month: Quant Broking Banking space undervalued at the moment: Morningstar India Nifty to move sideways for next few sessions: Ashwani Gujral IPO/Global Markets Trimax IT Infra plans IPO HK shares close down 0.3 pc Nikkei drops on caution Rupee / Gold Gold regains Rs 29k level Rupee near record lows Gold imports dropped More 'Market' News Banks collapse on RBI uncertainty; top ten banks that hit 52-week low Leading the fall in the BSE Banking index are stocks like Yes Bank, SBI, PNB, Bank of India, and Canara Bank which have plunged to their 52-wk lows. Fund raising via preferential allotment hit a 13 month high According to the latest data released by (Sebi), companies raised Rs 11,878 crore through preferential allotments in June. Telecom stocks rally in a weak market; Idea hits 52-week high Bharti Airtel was the top most gainer on the BSE benchmark index, up 7.3%. RComm ended 10.14% up, while Idea closed 7.8% higher.	Market Round-up SENSEX 19345.70 -2.64 NIFTY 5742.00 -13.05 S&P500 1,685.96 .63 NASDAQ 3,616.47 17.33 USD/INR 60.3926 .93 NSE Gainers Scrip Price(Rs.) %Change Todays Writing Instrument 10.65 + 565.62 Future Market Networks Lt 50.40 + 456.91 First Winner Industries L 30.30 + 450.91 Almondz Global Securities 26.90 + 251.63 Murli Industries Ltd. 20.70 + 220.93 NSE Losers Scrip Price(Rs.) %Change Celebrity Fashions Ltd. 2.50 -62.69 Bodhtree Consulting Ltd. 16.25 -52.90 Compuage Infocom Ltd. 36.60 -34.47 Money Matters Financial S 107.05 -32.25 Spanco Ltd. 8.05 -31.49

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