Will Re head towards 70, or recover? Top five stocks that rallied over 10% & other stories

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	Dated:22 August,2013

Top Headlines Sensex ends 407 pts up to reclaim 18,000; Nifty above 5,400 Sensex broke out of narrow intraday range and ended 407 pts up on the back of short coverings in banks, metals and IT stocks. Rupee hits 65.56/$: Will it head towards 70, or recover? UBS and Deutsche Bank say the Indian currency will fall to 70 against the US dollar, while Nomura does not rule out the possibility. Sensex rallies 407 points: A dead-cat bounce or bottom? Benchmark indices witnessed a strong short-covering rally after being seeing oversold levels over some days now despite a weakness in the rupee. Views on Stocks/Markets Hot stock: Jefferies expects Hero MotoCorp to rally 30% IOC, BPCL, HPCL can rally over 40% in a year: Macquarie Stick to quality stocks for better returns in current market: IIFL IPO/Global Markets Asian market mourns Emerging market hit Europe markets climb Rupee / Gold Gold climbs Rs 625 'Re fall can be stopped by RBI' Rupee falls to record low More 'Market' News Sensex ends up 407 points: Top five stocks that rallied over 10% Sensex rallied over 440 points in trade after opening on a weak note on Thursday, led by a rally in metal stocks by over 10 per cent. Tata Steel rallies nearly 26% in August: Is it time to book profits? Holding metal stocks is better option rater than booking profits as the sector is likely to outperform other sectors in near term, say analysts. Metals dazzle in a rallying market: Here's what will drive stocks higher Nomura and JP Morgan expect the metal stocks to give sharp returns over the long term on the back of pick-up in demand and currency fluctuation.	Market Round-up SENSEX 18312.9395 407.03 NIFTY 5408.4502 105.90 S&P500 1,642.80 .00 NASDAQ 3,599.79 .00 USD/INR 64.3309 .43 USD/INR 64.3309 .43 NSE Gainers Scrip Price(Rs.) %Change Rico Auto Industries Ltd. 5.40 + 20.00 Clutch Auto Ltd. 16.30 + 19.85 Mukand Engineers Ltd. 23.85 + 17.20 Ranbaxy Laboratories Ltd. 386.20 + 16.59 Kalyani Steels Ltd. 40.95 + 14.07 NSE Losers Scrip Price(Rs.) %Change Ruchi Soya Industries Ltd 29.10 -9.91 Asian Electronics Ltd. 2.40 -9.43 PTC India Financial Servi 10.65 -8.58 Asian Granito India Ltd. 22.55 -8.52 SMS Pharmaceuticals Ltd. 161.25 -8.41

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