S&P spoils mood; Sensex falls over 300 points from day’s high

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	Dated:07 November,2013

Top Headlines S&P spoils mood; Sensex falls over 300 pts from day’s high The global rating agency warned of a likely downgrade in 2014 in case the new government fails to reverse India's low growth rate. Brokerages maintains 'sell' rating on BHEL, slashes target price Citigroup and Barclays both maintain their 'SELL' rating on the stock and have also slashed their respective target prices. Sensex ends 72 points down at fresh 1-week low After gaining nearly 248 points to cross the 21,000 mark in early trade, the bluechip index ended down at 20,822.77, a drop of 72.17 points. Views on Stocks/Markets QE tapering may lead to a sharp correction in markets: Analyst Remain positive on IT pack: Gaurang Shah, Geojit BNP Paribas Nifty to drop to 6050, go short on rallies, says Ashwani Gujral IPO/Global Markets Hong Kong shares end flat Nikkei rises 0.8 per cent China shares fall Rupee / Gold Gold remains up on buying 'Rupee depreciation good' More 'Market' News India doing its best to kill the gold market, says Jim Rogers India has not been managed very well for decades, as far as the economy is concerned, India needs new politicians, says Jim Rogers. In uncertain markets, should PSU Banks be part of your portfolio? Given the challenges that PSBs are facing, no doubt invesotrs have punished them accordingly; and most of them are available at rock-bottom prices. Moody's reaffirms ratings of Axis Bank, HDFC Bank and ICICI Bank Moody's warned that they expect these banks to experience marginal weakness in their corporate exposures.	Market Round-up SENSEX 20822.77 -72.17 NIFTY 6187.25 -27.90 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 62.2051 .34 USD/INR 62.2051 .34 NSE Gainers Scrip Price(Rs.) %Change Shirpur Gold Refinery Ltd 56.70 + 20.00 Atlanta Ltd. 36.90 + 16.40 Orient Bell Ltd. 67.65 + 16.34 Chennai Petroleum Corpora 75.45 + 16.17 Tantia Constructions Ltd. 18.20 + 15.56 NSE Losers Scrip Price(Rs.) %Change Emami Infrastructure Ltd. 18.20 -10.12 Precision Wires India Ltd 72.90 -8.93 Shree Rama Newsprint Ltd. 6.15 -8.89 Premier Ltd. 67.50 -8.72 Hydro S & S Industries Lt 30.20 -8.48

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