Sensex up 451pts, Re to hit 70 and other ET stories

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	Dated:18 November,2013

Top Headlines US, China drive India's Sensex 451-point upsurge; rupee recovers Nifty shot up by 132.85 points, or 2.19 per cent, to 6,189. Also, SX40 index of MCX-SX closed 247.21 points up at 12366.6. Rupee to hit 70, India faces forex crisis: India story shortchanged? Rubbishing the highs Sensex saw in recent days, Chris Wood said: "Higher Sensex value is misleading as most stocks are off their highs." Sensex closes up 451 points, rupee nears 62: Five reasons The markets are on a roll today. All the sectoral indices were in the green with capital goods, banks and FMCG stocks leading the upmove. Views on Stocks/Markets Expect individual stocks to do well: Mitesh Thacker Valuations are still attractive in PSU banks: Dipan Mehta One can selectively look into auto sector: Mehraboon Irani IPO/Global Markets Global stocks run out of steam Nikkei holds near 6-mth high China posts biggest daily gain in 2-mths Rupee / Gold Re sees biggest one-day gain in 7 wks Gold falls on stockists selling Traders face gold shortage More 'Market' News Indian market to be driven by QE tapering: Bhuvnesh Singh, Barclays Despite the market being at an all-time high, the Indian cyclical sectors have not led the rally, says Bhuvnesh Singh. Expect rupee to remain in range of 62-64 in near term: StanChart "The demand-supply mismatch is not really massive and we continue to trade in balance at around 6260 right now." QE tapering will cause a blip in the market: Geoff Lewis, JPMorgan AM "The tapering is a short number of months away and that is what the market needs to accept."	Market Round-up SENSEX 20850.74 451.32 NIFTY 6189.00 132.85 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 62.7740 .00 USD/INR 62.7740 .00 NSE Gainers Scrip Price(Rs.) %Change Ramco Systems Ltd. 129.30 + 20.00 Financial Technologies (I 181.05 + 19.98 Jindal Cotex Ltd. 15.95 + 19.92 Ansal Properties & Infras 21.55 + 19.72 Hindustan Organic Chemica 13.40 + 18.58 NSE Losers Scrip Price(Rs.) %Change SEL Manufacturing Company 3.35 -12.99 AGC Networks Ltd. 69.00 -10.39 Varun Industries Ltd. 9.30 -8.82 Omnitech InfoSolutions Lt 14.50 -8.81 Career Point Ltd. 84.85 -8.47

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