Sensex down 157 pts, where are markets headed & more from ET

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	Dated:08 November,2013

Top Headlines Modi, US or profit-booking: What’s influencing the market? The day the market gets the feelers that QE tapering could happen sooner than expected, they begin to subside. No need to panic! Market witnessing healthy profit-booking According to analysts, markets are consolidating after a sharp run-up seen in the month of October where benchmark indices managed to rally over 9%. Weak Re, global cues on Fed taper drag Sensex down 157 points The Sensex, which had lost 417 points in the past three sessions, fell further by 156.62 points, or 0.75 per cent to 20,666.15. Views on Stocks/Markets Markets might consolidate at levels around 6080-6200: Mitesh Thacker Momentum in markets looks upbeat: JRG Securities Expect EMs to underperform developed markets: Mark Matthews IPO/Global Markets HK shares hit 2-wk trough China shares fall Seoul at 2-month closing low Rupee / Gold Gold up by Rs 50 Re posts worst week Gold set for 2nd weekly loss More 'Market' News Where are markets headed? 6080 is the new magic number Most analysts are betting on a recovery in the economy to kick-start the capex cycle of India Inc, along with easing monetary policy by the RBI. Brokerages see upto 15% upside in Tech Mahindra post Q2 results Credit Suisse maintains its ‘outperform’ rating on Tech Mahindra and has also increased its 12-month target price to Rs 1925 from Rs 1550 earlier. QE tapering! US may hike asset buys over time: Marc Faber 'I think compared to, say, Chinese companies, Indian companies are by and large well managed,' says Marc Faber.	Market Round-up SENSEX 20666.15 -156.62 NIFTY 6140.75 -46.50 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 62.5464 .34 USD/INR 62.5464 .34 NSE Gainers Scrip Price(Rs.) %Change Thinksoft Global Services 194.85 + 19.98 Supreme Infrastructure In 209.25 + 19.91 Maxwell Industries Ltd. 18.90 + 17.03 Varun Industries Ltd. 8.95 + 15.48 Ceat Ltd. 237.85 + 12.86 NSE Losers Scrip Price(Rs.) %Change TRF Ltd. 100.80 -15.37 Neuland Laboratories Ltd. 239.50 -11.84 Omnitech InfoSolutions Lt 15.75 -9.74 Somany Ceramics Ltd. 94.10 -9.52 Lyka Labs Ltd. 9.70 -9.35

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