Sensex ends 651 pts lower, S&P rating warning & other ET stories

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	Dated:03 September,2013

Top Headlines US-Syria tensions create panic, Sensex ends 651 pts lower Bloodbath in mkts saw investors becoming poorer by a whopping Rs 1.63L cr as nearly 1,500 stocks on the BSE platform ended the trade as losers. Market sentiment turns negative: 27 stocks that hit 52-week low The massive fall in the benchmark indices was led by RIL, ITC and HDFC. Sensex swung 841 pts in intraday trade while Nifty moved in a volatile range of 257 pts. S&P rating warning, Middle East fears heap more pressure on sliding Re S&P is the only of the three major credit agencies to have a "negative" outlook on India's "BBB-minus" sovereign rating. Views on Stocks/Markets Rate cut the alternative for growth revival: Deven Choksey Great opportunity for contra play: IndAsia Fund Advisors Cherry picking domestic stocks imperative: Rajat Rajgarhia IPO/Global Markets Hong Kong stocks end 0.99% higher Nikkei climbs to 3-week high China shares end up Rupee / Gold Re drops for a second day Goldman sees rupee at 72 Gold recovers by Rs 440 More 'Market' News Rupee crisis: A list of companies that’ll benefit While the importers are a worried lot, there are a few companies that stand to benefit from the rupee depreciation, say Deutsche Bank report. Jubilant Foodworks a $7.4-billion company in 10 years? Goldman Sachs has added Jubilant Foodworks to ‘conviction list’, seeing potential for the company to hit a valuation if $7.4 billion in 10 years. FIIs turn net buyers, snap 11-day selling streak Overseas investors have pulled out about $2.5 bn from the Indian capital markets in August alone - the lowest outflow in three months.	Market Round-up SENSEX 18234.66 -651.47 NIFTY 5341.45 -209.30 S&P500 1,632.97 -5.20 NASDAQ 3,589.87 .00 USD/INR 66.6655 -.35 USD/INR 66.6655 -.35 NSE Gainers Scrip Price(Rs.) %Change Xchanging Solutions Ltd. 10.25 + 15.82 Gokaldas Exports Ltd. 38.95 + 14.06 HCL Infosystems Ltd. 25.25 + 13.74 Gujarat Ambuja Exports Lt 23.40 + 11.69 BSEL Infrastructure Realt 1.50 + 11.11 NSE Losers Scrip Price(Rs.) %Change Karuturi Global Ltd. 1.05 -16.00 Piramal Enterprises Ltd. 565.00 -9.57 JVL Agro Industries Ltd. 6.70 -9.46 YES Bank Ltd. 229.10 -9.43 Axis Bank Ltd. 782.85 -9.42

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