Sensex continues retreat, HCL Tech plunges & more from ET

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	Dated:17 October,2013

Top Headlines HCL Tech plunges over 6% post Q1 nos; but a long-term bet, say analysts The stock may consolidate in near term, but long-term charts are indicating a positive trend. Traders and investors can start buying the stock on dips. US debt deal hailed by world markets: Why is India negative? From US to Australia to Japan, almost all major indices lauded the debt deal. Here are five reasons that could have kept the market sentiment in India negative. Sensex continues retreat from near 3-year high; tech shares slump TCS fell 4.8 percent after hitting an all-time high of 2,258.85 rupees on Tuesday, and Infosys Ltd ended 2.6 percent lower as investors took profits. Views on Stocks/Markets See 12-15% upside left in HCL Tech: Quant Broking Bullish on Infosys, TCS and Tech Mahindra: IDFC Securities Credit Suisse downgrades Larsen and Toubro to 'underperform' IPO/Global Markets EM stocks at 5 month high Nikkei rises for 7th day Hong Kong shares end lower Rupee / Gold Rupee ends at 61.23 Gold surges to Rs 31,620 Gold jumps most in 4 weeks More 'Market' News US postpones debt crisis to Feb 7: How it impacts markets? The world is still staring at an unprecedented event in the history of America, only that the new D-day is now Feb 7 instead of Oct 17. HCL Technologies' Q1 profit rises 64 per cent to Rs 1,416 crore Consolidated net profit for the three months ended September 30 rose to Rs 1,416 crore from Rs 864 crore in the same period a year earlier. Brokerages raise TCS’ target price on strong Q2 results Traders resorted to profit-booking its sharp rally since its first quarter results. The stock has surged over 30% return in the last three months.	Market Round-up SENSEX 20415.51 -132.11 NIFTY 6045.85 -43.20 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 61.4163 .13 USD/INR 61.4163 .13 NSE Gainers Scrip Price(Rs.) %Change Himachal Futuristic Commu 9.10 + 19.74 Jindal Worldwide Ltd. 79.40 + 18.51 Dhunseri Petrochem & Tea 96.50 + 14.88 Genesys International Cor 104.85 + 13.97 Cosmo Films Ltd. 59.05 + 11.63 NSE Losers Scrip Price(Rs.) %Change Federal Bank Ltd. 68.75 -79.46 Four Soft Ltd. 13.80 -67.26 Neo Corp International Lt 17.00 -10.29 Winsome Yarns Ltd. 14.60 -9.88 Thinksoft Global Services 118.15 -9.39

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