Sensex soars 385 points; Can markets ride out Red October?

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	Dated:03 October,2013

Top Headlines Sensex soars 385 points to over 1-wk high; metals, banking shine Similarly, the broad-based National Stock Exchange index Nifty gained 129.65 points, or 2.24 per cent, to end at 5,909.70. Can markets ride out Red October? All eyes on America, Raghuram According to analysts, the start may be good for markets but the momentum is likely to fizzle out or turn sideways. Contraview: CLSA sees further weakness in markets; Nifty may fall towards 5,500 According to analysts, valuations also look expensive at current levels and chances are that we may face some supply pressure at higher levels. Views on Stocks/Markets IDFC can gain over 80% in the next one year: Ambit Capital Maruti can outperform all other auto stocks in the short term: Religare Expect IT & pharma to outperform this earnings season: Sudip Bandyopadhyay IPO/Global Markets Nikkei drops for 2nd day Australia shares finish higher HK shares in biggest gain in 2 wks Rupee / Gold Rupee gains 1.2% Gold recovers Rs 220 'Don't see Re at 65 by yr-end' More 'Market' News Re to slide again after Sept rally vs dollar: Poll Rupee would be around 63.00 to the dollar by the end of October, 64.00 in six months and 64.25 by September next year, poll suggests. US shutdown: Who cares! Sensex rallies 385 points Most Asian markets including India seem to have given two hoots to concerns over the partial shutdown in the US. Foreign brokerages propel buying in IT stocks ahead of Q2 results Goldman has maintained 'sell' on Wipro and 'neutral' on Infosys. It has reiterated buy on Tech Mahindra and upgraded TCS to buy.	Market Round-up SENSEX 19902.07 384.92 NIFTY 5909.70 129.65 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 62.4166 -.01 USD/INR 62.4166 -.01 NSE Gainers Scrip Price(Rs.) %Change Everest Kanto Cylinder Lt 11.60 + 19.59 TVS Srichakra Ltd. 219.85 + 14.59 Zicom Electronic Security 54.35 + 13.47 Jai Corp Ltd. 47.60 + 13.33 Ajmera Realty & Infra Ind 65.25 + 12.40 NSE Losers Scrip Price(Rs.) %Change KSS Ltd. 12.55 -16.61 Vikas GlobalOne Ltd. 108.55 -9.95 Onelife Capital Advisors 248.90 -9.19 GTL Infrastructure Ltd. 1.70 -8.11 Bliss GVS Pharma Ltd. 35.80 -6.41

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