Sensex rally, Re up 2.1%, HSBC downgrades Indian shares & 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:23 August,2013

Top Headlines Sensex soars 206 pts to end at 1-week high as rupee strengthens Sensex today gained over 206 points to end at nearly one-week high after the rupee appreciated after six days of losses. More Rupee breaks 6-day streak of all-time lows: Next level, 60 or 70? Crisil says it sees the Indian currency at 60 against the US dollar, while Barclays pegs the figure at 61. Sensex rallies 600 points in 2 days: IT, pharma & FMCG top bets FIIs, which have been the real backbone of the 25%-plus rally in Sensex for calendar year 2012, have been cautious so far this year. Views on Stocks/Markets BSE metal index takes a breather after 10% rise; rally to continue Preferred pick? Sun Pharma slips 11% in Aug after rallying 30% in 7 mths Kotak upgrades RIL to ‘buy’; sees weak rupee as a positive IPO/Global Markets Asian markets upbeat European markets steady Emerging market rout eases Rupee / Gold Re posts biggest gains in nearly a yr Gold down by Rs 330 Re undervalued: Kamath More 'Market' News Indian equities remain vulnerable on global & local sentiment: JPMorgan 'The current account in June and July is far narrower than what it was earlier. We had already seen the impacts.' HSBC downgrades Indian shares to 'neutral' from 'overweight' HSBC downgrades Indian equities to "neutral" from "overweight", citing a sharp rise in the cost of equity for companies and a slowing growth. Sensex loses 1,000 points in August; right time for investors to enter? In the past eight months, Sensex has given a negative 6% return, giving little clue for investors about its future direction.	Market Round-up SENSEX 18519.4395 206.50 NIFTY 5471.7500 63.30 S&P500 1,656.96 .00 NASDAQ 3,638.71 38.92 USD/INR 65.1403 .81 USD/INR 65.1403 .81 NSE Gainers Scrip Price(Rs.) %Change Diamond Power Infrastruct 46.80 + 20.00 PC Jeweller Ltd. 94.10 + 19.95 Madras Fertilizers Ltd. 13.20 + 19.46 Cybertech Systems & Softw 14.65 + 18.15 United Breweries Ltd. 756.30 + 13.87 NSE Losers Scrip Price(Rs.) %Change Pondy Oxides & Chemicals 20.10 -8.01 Ruchi Infrastructure Ltd. 16.40 -6.02 Clutch Auto Ltd. 15.40 -5.52 Kewal Kiran Clothing Ltd. 733.65 -5.18 Lotus Eye Hospital and In 5.50 -5.17

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.