India IT sector positive? Rupee posts biggest rise since 1998 & 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:29 August,2013

Top Headlines Sensex ends 405 points up; Nifty closes above 5,400 Gains in 30-share bluechip index were led by RIL, HDFC, ITC & TCS that jumped in 2-6% range as investors chased shares beaten down in recent bear run. Worried about rupee fall? Here are some stocks you can bet on BofA-ML is of the view that traders can look to offload positions in stocks like HUL, Adani Power, and NTPC. Why top-4 global brokerages are turning positive on India’s IT sector? Amid global uncertainty & sharp fall in rupee, analysts at Jefferies, CLSA, BofA & HSBC have upgraded their outlook on India’s IT sector. Views on Stocks/Markets Barclays sees over 23% upside in Tata Motors; upgrades to 'overweight' Go for hammered stocks as long-term India growth story is intact: HDFC MF If panic spreads on international front, oil & gas stocks best bet: CIMB India IPO/Global Markets Vodafone hits 12-yr high China shares end down Nikkei snaps losing streak Rupee / Gold Rupee ends 225 paise up at 66.55/$ Gold off record high, down Rs 1,575 BofA 'sees' rupee at 75 by end-2014 More 'Market' News Is Murphy’s Law at play on D-Street, asks BofA-ML BofA-ML’s base case for the Sensex is that it will be range-bound between 18,500 to 20,500 levels. Rupee movement is key point for mkts. Is more upside left in Sesa Goa after 50% rally in one month? Sesa Goa has been on a tear in a bearish market. According to analysts, there is more upside left in the stock after its merger with Sterlite. RIL rallies over 5% on approval of $3.18-bn plan in KG-D6 block RIL rallied after the oil & gas major and its partner BP Plc won approval to invest $3.18 billion in R-Series gas field in the flagging KG-D6 block.	Market Round-up SENSEX 18401.04 404.89 NIFTY 5409.05 124.05 S&P500 1,634.96 4.48 NASDAQ 3,593.35 .00 USD/INR 67.9842 1.71 USD/INR 67.9842 1.71 NSE Gainers Scrip Price(Rs.) %Change PG Electroplast Ltd. 102.40 + 19.98 Indian Metals & Ferro All 228.70 + 19.02 Amtek India Ltd. 74.80 + 18.92 Muthoot Finance Ltd. 121.10 + 18.26 Suryalakshmi Cotton Mills 48.00 + 14.56 NSE Losers Scrip Price(Rs.) %Change Karuturi Global Ltd. 1.15 -17.86 Ravi Kumar Distilleries L 5.80 -11.45 Indo Count Industries Ltd 28.05 -9.52 Asian Granito India Ltd. 25.95 -8.79 Asian Electronics Ltd. 2.30 -8.00

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.