Sensex hits 20K, Rupee up 140 paise, global stocks rally & other stories

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	Dated:10 September,2013

Top Headlines Sensex hits 20K, rupee below 64: Five reasons for the euphoria The Sensex ended 727 points higher, while the Nifty surged 216 points to end near its key psychological level of 5,900. Sensex climbs Mount 20K, slips 3 points at close The Sensex ended 727 points higher, while the Nifty surged 216 points to end near its key psychological level of 5,900. Bulls on the rampage, but where are the markets headed? Analysts say the rally is largely on account of short covering as sentiments turned bullish after RBI’s confidence-boosting measures. Views on Stocks/Markets Prefer Maruti in auto pack, see good chance of recovery in H2: Jigar Shah Recommend buy on dips in the current market scenario: Gaurang Shah Current mkt rally may provide profit-booking opportunities: Manishi Raychaudhuri IPO/Global Markets Asian stocks hit 3-month highs HK at highest since late May Nikkei hits 5-1/2-week high Rupee / Gold Rupee ends at 63.84/dollar Gold rebounds on fresh buying Rupee leads Asia FX gains More 'Market' News Markets on a roll: 62 stocks hit 52-week highs on BSE Stocks which rallied to their 52-week high include names like Tata Motors which rallied over 10 per cent in trade; and pharma major Cipla. Brokerages bullish on TCS; Morgan Stanley raises price target to Rs 2,285 Morgan Stanley has raised earnings forecast by 13-26 per cent for FY14e-15 due to better revenue growth and currency depreciation. Tata Motors top performing stock on Sensex, rallies 10% to hit 52-week high BSE Auto index, one of the top gainers among the sectoral indices, rallied over 5%. The rally was led by strong buying in Tata Motors, Hero MotoCorp and Maruti.	Market Round-up SENSEX 19997.10 727.04 NIFTY 5896.75 216.35 S&P500 1,671.71 16.54 NASDAQ 3,706.18 46.17 USD/INR 64.8467 -.02 USD/INR 64.8467 -.02 NSE Gainers Scrip Price(Rs.) %Change Alpha Geo (India) Ltd. 40.20 + 20.00 Panacea Biotec Ltd. 105.90 + 20.00 Wockhardt Ltd. 615.80 + 19.99 Simplex Infrastructures L 47.80 + 19.95 Dr. Datsons Labs Ltd. 56.30 + 19.91 NSE Losers Scrip Price(Rs.) %Change Kanani Industries Ltd. 9.20 -10.24 Shilpi Cable Technologies 17.20 -10.18 Nelcast Ltd. 18.75 -7.86 Orient Refractories Ltd. 25.30 -7.16 Bhansali Engineering Poly 18.85 -5.51

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