Sensex advances 158 points, why brokerages are turning cautious & more

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	Dated:18 September,2013

Top Headlines Sensex advances 158 points to near 20,000 before US Fed decision The Sensex today gained for the third straight day to end 158 points higher on the back of banking, FMCG, oil & gas and healthcare shares. Don’t expect US Fed to surprise the markets: Jim Walker, Asianomics The only thing that would surprise the markets tonight is if there was no announcement about tapering. Why brokerages are turning cautious on Indian markets: Top 5 reasons Analysts at top brokerage firms are slowly turning cautious despite Indian markets on strong policy measures announced by the new RBI Governor. Views on Stocks/Markets Brokerages raise price target on Dr Reddy's upto Rs 2,720 Keep a watch on MindTree from midcap IT space: N Dalmia Axis, ICICI Bank can give huge returns in next 3 yrs: IIFL Wealth IPO/Global Markets Asian markets keep nerve Europe markets at 5-yr highs China mkts squeeze out gains Rupee / Gold Gold falls to 6-week lows Re could appreciate to 59-61 More 'Market' News Indian market to benefit if US Fed hits the red button, withdraws QE? Jim Walkers feels that such a stance would result in EMs gaining, as it will be a statement saying that the global economy is recovering. Global investors see best value in EMs in almost a decade: Survey According to the survey, a net 36% of the panel says that the global EM equities are the most undervalued, or cheapest of all regions. Goldman stays underweight on Indian shares; says macro challenged India's corporate health, and asset quality of banks will remain under pressure while election uncertainties are likely to linger as well.	Market Round-up SENSEX 19962.16 158.13 NIFTY 5899.45 49.25 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 63.2750 .28 USD/INR 63.2750 .28 NSE Gainers Scrip Price(Rs.) %Change KSS Ltd. 13.20 + 20.00 Ind-Swift Laboratories Lt 31.35 + 16.11 Sanghvi Forging & Enginee 23.05 + 15.25 Panacea Biotec Ltd. 138.85 + 13.81 Ballarpur Industries Ltd. 12.20 + 12.44 NSE Losers Scrip Price(Rs.) %Change Ruby Mills Ltd. 165.10 -10.83 First Leasing Company of 19.30 -9.81 Xpro India Ltd. 28.95 -8.24 Reliance MediaWorks Ltd. 40.55 -7.95 Multi Commodity Exchange 409.60 -7.57

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