Sensex snaps 5-day rally, global mkts up, top-15 large-cap picks & other stories

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	Dated:12 September,2013

Top Headlines Sensex snaps 5-day rally ahead of IIP, inflation According to analysts, traders are adopting a wait and watch strategy ahead of the IIP and inflation data in the near term. Sensex sheds 215 points; analysts say rally is on Sensex ended 215 points lower and Nifty closed at its crucial psychological level of 5,850 as investors preferred to book profits Prabhudas Lilladher’s top-15 large-cap picks The Indian stock market has seen a massive rally after Raghuram Rajan took over as the chief of RBI, says brokerage Prabhudas Lilladher. Views on Stocks/Markets Glenmark Pharma: A value pick in pharma sector Brokerages see over 60% upside in JP Associates Continue to be positive on IT: K Ramanathan, ING IPO/Global Markets Asian stocks higher Europe markets inch higher Cabinet note for Power Grid FPO soon Rupee / Gold Gold extends losses Rupee snaps 5 days of gains Gold hits 4-week low More 'Market' News JP deal will add to UltraTech's capacity, but hurt EPS: Brokerages While the acquisition will be EPS-dilutive, brokerages are bullish on the stock and expect the company to benefit. See rupee at 60 vs US dollar by March 2014: Rupa Kudva, CRISIL We believe that the rupee will appreciate to a level of 60 vs the US dollar by March 2014 says, Rupa Kudva, CRISIL. Expect market to consolidate around current levels: HDFC Life The market is anticipating at some rollback on measures taken by RBI earlier. If that comes true, the market could hold for a while.	Market Round-up SENSEX 19781.88 -215.57 NIFTY 5850.70 -62.45 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 63.7261 -.45 USD/INR 63.7261 -.45 NSE Gainers Scrip Price(Rs.) %Change West Coast Paper Mills Lt 52.80 + 20.00 M M Forgings Ltd. 92.25 + 19.96 AXIS-IT&T Ltd. 50.60 + 19.91 GSS Infotech Ltd. 35.55 + 19.90 Mahanagar Telephone Nigam 15.40 + 19.84 NSE Losers Scrip Price(Rs.) %Change Jaiprakash Associates Ltd 38.35 -11.64 Hubtown Ltd. 131.70 -10.56 Xchanging Solutions Ltd. 11.20 -9.68 Geodesic Ltd. 3.00 -9.09 Vijay Shanthi Builders Lt 14.50 -8.81

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