What to cherry-pick in falling markets, Sensex down, rupee tumbles & other stories

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	Dated:07 August,2013

Top Headlines Morgan Stanley sees Sensex hitting 23,000 by year-end Morgan Stanley says Sensex could slip to 16,700 levels in a bear market. However, it sees BSE’s benchmark index rise to 23,000 in a bull market. Day after bloodbath: What to cherry-pick in falling markets According to analysts, if the rupee continues to slide against the dollar, the Nifty may test levels of 5,400. Sensex falls 68 points in choppy trade, Re remains a concern Sensex ended lower for the second day today, losing over 68 points on sustained selling by investors. Views on Stocks/Markets Indian equities will remain volatile: Arindam Ghosh Nifty has taken support at 5500: Sandeep Wagle Rupee may stabilize around 59-61 over 4-5 months: Keki Mistry IPO/Global Markets Godrej Prop to raise Rs 700 cr Nikkei ends down China shares snap 6-day win Rupee / Gold Gold tumbles by Rs 280 Re closes at fresh low of 61.30 Gold importers stay on sidelines More 'Market' News Blame the US for sinking rupee: Motilal Oswal Ever since the US Fed announced tapering of its ultra-loose monetary policy, the rupee has been in a downward spiral. Good time to buy into blue-chip stocks: A K Roy, GIC Re India's largest re-insurer says it could invest well about Rs 2,000 crore in the stock market this year. FMC gets more teeth to ensure NSEL settles Rs 5,600 crore dues NSEL is facing the problem of settlement after it suspended trade in one-day forward contracts on July 31 following the government direction.	Market Round-up SENSEX 18664.88 -68.16 NIFTY 5519.10 -23.15 S&P500 1,697.37 -9.77 NASDAQ 3,665.77 -27.18 USD/INR 61.6349 .39 USD/INR 61.6349 .39 NSE Gainers Scrip Price(Rs.) %Change Opto Circuits India Ltd. 22.95 + 22.40 State Trading Corporation 99.30 + 20.00 Jenson & Nicholson (India 2.20 + 18.92 Hindustan Copper Ltd. 56.90 + 18.42 Unity Infraprojects Ltd. 20.10 + 17.20 NSE Losers Scrip Price(Rs.) %Change Multi Commodity Exchange 297.85 -9.99 Shiv-Vani Oil & Gas Explo 13.75 -9.84 MBL Infrastructures Ltd. 74.75 -8.23 Anik Industries Ltd. 17.95 -7.24 Impex Ferro Tech Ltd. 2.65 -7.02

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