Sensex rally, steps teken by Rajan, banking stocks top gainers & other stories

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	Dated:05 September,2013

Top Headlines Rajan effect: Sensex ends 412 pts up at over 3-wk high Investors became richer by a whopping Rs 1.2 lakh crore today. Across BSE, nearly 1,500 stocks rose out of the 2,474 traded. Seven steps by Raghuram Rajan that propelled Sensex above 19,000 The governor emphasized on a push for more international settlements in rupees and further liberalization of the financial markets. EMs showing widely diverging performances: Marc Faber 'Indian stocks, because of the currency weakness, have already experienced a very substantial bear market,' says Marc Faber Views on Stocks/Markets Traders can go long on banks, say analysts Banks can be good 1-2 day trading bets: Prateek Agarwal Don’t expect oil and gas sector rally to sustain: Quant Broking IPO/Global Markets Asian markets rally, rupee up Hong Kong shares end up FTSE touches 3-week high Rupee / Gold Gold tumbles by Rs 1,250 Rupee closes at 66.01/02 Gold premiums ease More 'Market' News Investors dump IT, pharma stocks on rising rupee, profit-taking The BSE IT index has rallied over 8 per cent as compared to nearly 4 per cent fall in the BSE Sensex since August. Banking stocks emerge top gainers; Yes Bank up 21%, ICICI Bank rise 10% CNX Bank Nifty rallied nearly 10% in trade to post its biggest percentage gain since May 2009. The index finally closed 9.4% higher at 9,682.40. Morgan Stanley slashes Sensex target to 18,200 American brokerage Morgan Stanley today slashed its Sensex target for the next 12 months to 18,200, citing weakening macro fundamentals of the economy.	Market Round-up SENSEX 18979.7598 412.21 NIFTY 5592.9502 144.85 S&P500 1,653.08 13.31 NASDAQ 3,649.04 .00 USD/INR 67.5878 -.25 USD/INR 67.5878 -.25 NSE Gainers Scrip Price(Rs.) %Change YES Bank Ltd. 287.50 + 21.80 Alpha Geo (India) Ltd. 27.95 + 19.96 Sumeet Industries Ltd. 25.05 + 19.86 Gallantt Ispat Ltd. 134.90 + 19.33 Financial Technologies (I 131.65 + 16.20 NSE Losers Scrip Price(Rs.) %Change Astral Poly Technik Ltd. 218.90 -55.67 Consolidated Construction 5.25 -8.70 Gokaldas Exports Ltd. 42.30 -8.14 Impex Ferro Tech Ltd. 3.05 -7.58 BSEL Infrastructure Realt 1.50 -6.25

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