Rupee rallies to 1-month high, Ranbaxy up 60% since Aug, global mkts rally & other stories

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	Dated:16 September,2013

Top Headlines Sensex surrenders gains, ends 10 points up as inflation bites Traders said besides dashed rate cut hopes, concerns that the central bank may not wind down its liquidity-tightening measures also was a factor in investors selling off positions. Ranbaxy up 60% since Aug, loses 30% today: Time to book profits? Analysts at top brokerage firms have turned cautious on Ranbaxy after reports that the FDA has issued an import alert on the Mohali unit. Inflation plays the 'devil' on D-Street; interrupts bull run According to analysts, high inflation hardens the case for RBI governor Raghuram Rajan to keep interest rates high at his first policy meeting. Views on Stocks/Markets FIIs bullish on financials, not much interested in NBFCs: Macquarie See 10-15% more upside in Ipca Laboratories: N Dalmia Bullish on HCL Tech in midcap IT, ITC in FMCG space: Gaurang Shah IPO/Global Markets Asian markets rally Europe markets hit 5-yr highs World markets and bonds rally Rupee / Gold Gold falls for fifth-day Rupee rallies to near 1-month high Gold gains as dollar slips More 'Market' News BSE, S&P Dow Jones Indices form JV firm Asia Index Asia Index aims to provide a full array of indices enabling global and domestic investors to participate in South Asia's vibrant economies. HSBC cuts Indian shares to 'underweight' citing risks to growth HSBC downgraded Indian shares to "underweight" from "neutral", citing the recent rally and downside risks to growth. Market upmove will depend on fundamentals: Kotak Mahindra Bank Recovery, particularly led by short covering, has been much quicker than most analysts expected. We are nearing the end of that type of rally.	Market Round-up SENSEX 19742.47 9.71 NIFTY 5840.55 -10.05 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 63.4530 .00 USD/INR 63.4530 .00 NSE Gainers Scrip Price(Rs.) %Change ARSS Infrastructure Proje 25.00 + 19.90 Gravita India Ltd. 30.75 + 19.88 Aqua Logistics Ltd. 2.75 + 19.57 Tanla Solutions Ltd. 4.05 + 19.12 Deep Industries Ltd. 28.40 + 18.33 NSE Losers Scrip Price(Rs.) %Change Ranbaxy Laboratories Ltd. 318.50 -30.34 First Leasing Company of 26.70 -19.94 GSS Infotech Ltd. 38.40 -9.96 Xpro India Ltd. 32.10 -9.96 Wockhardt Ltd. 592.25 -9.87

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