Nifty breaches 6,000, impact of elections on markets & other stories

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	Dated:09 October,2013

Top Headlines How 2014 elections will impact stock markets: Analysts bet on Modi The benchmark stocks will only manage a 4% gain in 2013, held back ahead of an election in the first half of next year, a poll found. Nifty breaches 6,000; but not enough to kick-start a bull run? According to analysts, today’s (Wednesday's) rally is indeed positive for the markets but they are not convinced that it will kick-start a bull market. Sensex ends 266 points higher; Nifty above 6,000 Sensex closed at 20,249 while Nifty finished the day at 6,007 as sentiment turned positive after better-than-expected September trade data. Views on Stocks/Markets Should investors hold on to Hindalco after 44% jump in three months? JPMorgan turns cautious on banks; Kotak, SBI downgraded to 'neutral' Stock Buzz: Radico Khaitan may appreciate 10-15% on stake sale IPO/Global Markets Major Asian stock indexes to gain Nikkei to post 46% gain this year Australian stocks end high Rupee / Gold Gold, silver imports plunge Re down despite better trade data Gold fall on profit booking More 'Market' News Sensex to rise but elections seen biggest risk in 2014: Poll Strategists in the poll almost unanimously agreed that FIIs, a vital source of inflows in markets, will continue to buy Indian stocks for the rest of this year. Jefferies downgrades Maruti, Mahindra & Mahindra ahead of results The brokerage argues that Indian manufacturers will not be able to generate cash flows as they used to in the past. Markets will have a downward bias throughout earnings season: StanChart 'We are not very optimistic about a sharp turnaround in terms of a mere management change in Infosys. The co requires is a business model change.'	Market Round-up SENSEX 20249.26 265.65 NIFTY 6007.45 79.05 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 61.5882 .13 USD/INR 61.5882 .13 NSE Gainers Scrip Price(Rs.) %Change Repro India Ltd. 145.60 + 18.33 PVP Ventures Ltd. 4.65 + 17.72 Hinduja Global Solutions 440.10 + 17.16 Trident Ltd. 10.45 + 14.84 Gallantt Metal Ltd. 22.90 + 14.50 NSE Losers Scrip Price(Rs.) %Change Winsome Yarns Ltd. 16.50 -19.90 Ujaas Energy Ltd. 20.15 -9.03 State Bank Of Mysore 437.15 -7.82 Gokul Refoils & Solvent L 17.80 -7.77 Renaissance Jewellery Ltd 58.25 -7.54

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