Is TCS a $100-bn mkt cap company? Sensex ends in red, Gold falls & 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:20 August,2013

Top Headlines Sensex ends in red for 4th straight day; Nifty at lowest in almost a year Nifty fell to its lowest close in almost a year on Tuesday, weighed down by blue chips as the rupee hit another record low. Has the downgrade cycle begun for Indian markets? After Goldman Sachs and M Stanley, it is JPMorgan, which has downgraded Indian mkts to ‘neutral’ and Citigroup, which has lowered its Sensex target. Is TCS a $100-billion market cap company in the making? Tata Consultancy Services, which has a m-cap of nearly $60 bn, can climb even further and top $100 bn market-cap, says JPMorgan. Views on Stocks/Markets Is it time to buy outperforming metal stocks in a weak market? Positive on ICICI, HDFC & IndusInd Bank at current levels: N Kumar Have a sell call on entire metals pack: G Shah, Geojit BNP Paribas IPO/Global Markets Asian markets slip Nikkei tumbles to 7-wk low Europe mkts hit 2-wk low Rupee / Gold Gold falls by Rs 235 Rupee below 100 vs pound Rupee off record lows More 'Market' News Nifty seen falling to 4840 in current downward trend Analysts are of the view that the expected pull-back may be temporary in nature and the Nifty is likely to continue with its downfall. Don’t see much downside in rupee from current levels: Jim Walker I would like to be a buyer of the dollar-denominated Sensex index. I still think that stocks have been held up a bit too much, says Jim walker. Indian equities most vulnerable among EMs in short term: Adrian Mowat We could have from this overweight rating to an underweight rating, and one of the arguments is there is long-term value emerging in Indian equities.	Market Round-up SENSEX 18246.04 -61.48 NIFTY 5401.45 -13.30 S&P500 1,646.06 -9.77 NASDAQ 3,589.09 .00 USD/INR 63.2600 .54 USD/INR 63.2600 .54 NSE Gainers Scrip Price(Rs.) %Change Integra Garments And Text 6.65 + 121.67 LT Foods Ltd. 76.65 + 19.95 Inventure Growth & Securi 7.00 + 19.66 Marg Ltd. 19.05 + 19.44 Sesa Goa Ltd. 151.10 + 16.37 NSE Losers Scrip Price(Rs.) %Change Gujarat Apollo Industries 86.90 -14.17 Anik Industries Ltd. 23.05 -9.96 Tecpro Systems Ltd. 24.15 -9.89 Rico Auto Industries Ltd. 4.30 -9.47 Horizon Infrastructure Lt 40.60 -9.37

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.