Infosys hits 28-month high, Global markets rally, gold prices up & other stories

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	Dated:13 August,2013

Top Headlines Sensex gains over 275 points; Nifty touches 5700 Sensex rose 1.5% on Tuesday, marking their biggest single-day gain in almost a month, as IT shares such as Infosys rose to a 28-month high. IT stocks rally on rupee: Infosys hits 28-month high Infosys hit a 28-month high, while Tech Mahindra, Wipro and MindTree hit their respective 52-week highs in intraday trade on Tuesday. Tech Mahindra heads towards Rs 1500: Should you buy? Analysts at top international brokerages maintained their positive view on Tech Mahindra stock, and have raised their 12-month target prices. Views on Stocks/Markets Morgan Stanley downgrades Cipla to 'underweight' Aditya Birla Nuvo to see 15-20% upside: N Dalmia CLSA sees ONGC gaining up to 30% post Q1 numbers IPO/Global Markets Nikkei rebounds 2.6% Asian markets up HK stocks end up Rupee / Gold Gold surges to four-month high New steps to give respite to Re: BofA-ML Rupee edges up on gold duty hike More 'Market' News Why investors preferred Ranbaxy over Lupin The subdued performance of Lupin justifies a long-due correction in its stock price. The share has rallied 50% in the last one year. Brokerages lower SBI's target price after Q1 results After a disappointing set of quarterly results from SBI, the brokerages have lowered their earnings estimates and target price on the stock. Macquarie downgrades SBI and PNB, cites low growth Macquarie said investors should specifically avoid state-run banks and recommended buying HDFC Bank Ltd, ICICI Bank Ltd and Kotak.	Market Round-up SENSEX 19122.26 175.28 NIFTY 5665.70 53.30 S&P500 1,689.47 -1.95 NASDAQ 3,669.95 .00 USD/INR 61.0307 .45 USD/INR 61.0307 .45 NSE Gainers Scrip Price(Rs.) %Change Bhartiya International Lt 137.85 + 19.97 Acropetal Technologies Lt 5.80 + 19.59 Indbank Merchant Banking 4.10 + 18.84 3i Infotech Ltd. 4.65 + 17.72 Shanthi Gears Ltd. 58.65 + 17.30 NSE Losers Scrip Price(Rs.) %Change Ind-Swift Laboratories Lt 23.20 -9.02 Ucal Fuel Systems Ltd. 45.30 -7.93 BAG Films & Media Ltd. 3.25 -7.14 Alembic Ltd. 22.85 -6.92 M And B Switchgears Ltd. 14.05 -6.64

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