Markets set to romance all-time highs, gold falls, global mkts rally & other stories

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	Dated:18 October,2013

Top Headlines Markets exit global horrors, set to romance all-time highs Next trigger would be Election 2014. Projections claim a victory for the BJP, something which brokerages say would improve market sentiment. Sensex ends 121 points shy of all-time closing high The Sensex closes the day with a gain of 467.38 pts at 20882.89. The highest closing figure for the index is 21,004 that it hit on Nov 5, 2010. What happens to IT sector fortunes if rupee reverses? The currency has regained most of the lost ground. Does this mean the big tailwind for the IT sector could turn into a headwind? Views on Stocks/Markets CLSA cuts Bajaj Auto to 'sell' on outlook 'Right time to invest, expect market to perform better' Brokerages raise target for Axis Bank post Q2 results IPO/Global Markets Nikkei snaps 7-day rally Hong Kong, China shares rise Asian mkts hit 5-month high Rupee / Gold Gold falls on slackened demand 'Re may see muted reaction' Rupee trims most losses More 'Market' News Nifty may be headed towards 6,350: Expert The Nifty ended at 6,189.35 up 143.50 points or 2.31 per cent. The index touched intraday high of 6,201.45 and a low of 6,070.90. Government gears up to launch interest rate futures: Sources Raghuram Rajan has made deepening financial markets a priority, in part to prevent trading of derivatives based on domestic products from shifting overseas. LIC to invest Rs 40,000 cr in equities in FY14: S K Roy The LIC chairman also said it had invested in IT and pharmaceutical stocks, while banks, infrastructure, housing and automobile sectors.	Market Round-up SENSEX 20882.89 467.38 NIFTY 6189.35 143.50 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 60.9849 -.43 USD/INR 60.9849 -.43 NSE Gainers Scrip Price(Rs.) %Change Esab India Ltd. 445.95 + 19.99 Sumeet Industries Ltd. 29.90 + 17.25 MPS Ltd. 164.40 + 15.77 Dewan Housing Finance Cor 147.15 + 12.98 Wanbury Ltd. 27.45 + 12.27 NSE Losers Scrip Price(Rs.) %Change Jindal Worldwide Ltd. 71.80 -9.57 Compuage Infocom Ltd. 48.10 -9.25 Neo Corp International Lt 15.50 -8.82 Dharani Sugars & Chemical 20.25 -7.53 Tantia Constructions Ltd. 14.85 -6.90

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