Market rally is over? It's a make-or-break time

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	Dated:06 November,2013

Top Headlines Market rally is over? It's a make-or-break time, say analysts According to analysts, markets are consolidating at this point in time and there is a 50-50 chance that the market rally is over. Rupee is slipping, but Sensex looks set for another bull run Global cues look good. The ECB looks set to cut rates. The probable bad news from the US has been pushed back. Sensex falls 80 points to over 1-week low as investors book profits An upsurge in software exporters, like TCS, Infosys and Wipro, however capped the losses to some extent after rupee fell to 62-levels against the dollar. Views on Stocks/Markets Balance-sheet of Idea best in telecom sector: Harit Shah 'Tech Mahindra en route to become one of the IT heavyweights' Expect Nifty to remain uptrend, use decline to buy into: Mitesh IPO/Global Markets Hong Kong shares end flat Nikkei rises 0.8 per cent China shares fall Rupee / Gold Gold rises on buying 'Re to stabilise at 61-63' Re falls most in 2 mths More 'Market' News IT stocks that are likely to give good returns post Cognizant results “In the third quarter, Cognizant delivered 6.7% q-o-q revenue growth compared with 5.4 per cent at TCS and 3.8% at Infosys," said a Nomura report. Expect to enter a new bull market in 2014: Ambit Investment Advisors PE multiples in the consumer sector is too high and there is no room for errors. On pharma there are regulatory overhangs on the whole sector. Difficult to say market rally is over: Piyush Garg, ICICI Securities The market is pricing in a lot of expectations going forward, which would possibly be positive.	Market Round-up SENSEX 20894.94 -79.85 NIFTY 6215.15 -38.00 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 61.8676 -.11 USD/INR 61.8676 -.11 NSE Gainers Scrip Price(Rs.) %Change Brooks Laboratories Ltd. 18.60 + 20.00 Career Point Ltd. 84.65 + 19.99 Orient Bell Ltd. 58.15 + 16.88 Ashoka Buildcon Ltd. 53.10 + 14.69 Neyveli Lignite Corporati 68.45 + 14.27 NSE Losers Scrip Price(Rs.) %Change Ujaas Energy Ltd. 19.50 -9.93 Goenka Diamond & Jewels L 12.75 -9.89 PTL Enterprises Ltd. 27.65 -8.75 Indian Bank 103.20 -7.94 Jayaswal Neco Industries 9.85 -7.08

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