Should investors buy IT stocks? Top 5 stocks, Sensex zooms up and more

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	Dated:01 July,2013

Top Headlines Despite policy headwinds, should investors buy Infosys, TCS & HCL? IT cos are under pressure as they grapple with both tailwinds in currency & headwinds in terms of Immigration bill & slowdown in spending. Top five stocks that can give good returns this week Volumes in Idea Cellular have been above average on advancing leg. Buy the stock with stop of Rs 137 for a target of Rs 154 levels. Sensex zooms to 1-month high; up 182 points as RIL, Maruti rally Extending its rally for the third straight session, Sensex today rose by 181.58 points to close at nearly one-month high, led by gains in bluechips. Views on Stocks/Markets Infosys may cut FY14 revenue guidance: Morgan Stanley See 15-20% upside in ONGC: Mayuresh Joshi CLSA puts ‘sell’ on Colgate as Oral-B launches paste IPO/Global Markets Emcure Pharma to raise Rs 600 cr World mkts digest China data Nikkei close up 1.28% Rupee / Gold Barclays cuts gold price forecasts Re snaps two sessions of gains Gold up on sustained buying More 'Market' News RIL extends rally post gas price hike approval; up 10% since June Over the past 6 years, the RIL stock has languished especially after the fall in the company’s gas output from its offshore field. IDFC, LIC HF prime contenders for banking licence: HDFC Securities The new private sector bank licences that were given in 1993, those banks, like the Yes Bank in 2001, have generated a lot of value in the long run Mahindra Satyam shares to stop trading from July 4 The $16.2 bn Mahindra Group had in 2009 taken over Satyam Computers after a multi-billion dollar scam by its chairman B Ramalinga Raju came to light.	Market Round-up SENSEX 19577.39 181.58 NIFTY 5898.85 56.65 S&P500 1,606.28 .00 NASDAQ 3,403.25 .00 USD/INR 59.6670 .00 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 -53.27 Bodhtree Consulting Ltd. 16.25 -35.26 IMP Powers Ltd. 26.50 -32.05 Sambhaav Media Ltd. 1.05 -30.00 Money Matters Financial S 107.05 -27.77

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