Yellen or Rajan? Why Sensex gained 350 points, Re hit 63

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	Dated:14 November,2013

Top Headlines Yellen springs optimism in markets: Will the bounce sustain? Now that tapering fears have eased, is it time for investors to close short positions and look for opportunities to go long, say analysts. Sensex snaps seven-day losing trend, up 205 pts on RBI steps Sensex closed near day’s low in absence of fresh buying interest even as Fed chair nominee Yellen said it will take time for QE tapering. Yellen or Rajan? Five reasons why Sensex gained 350 points, rupee hit 63 The bearishness in the stock market has also been due to the weakness in the rupee, to a large extent, analysts have been saying. Views on Stocks/Markets Brokerages see upto 30% slide in SBI stock post Q2 results Use rallies in market to book profits: Gaurang Shah Brokerages raise M&M target price to above Rs 1,000 post Q2 results IPO/Global Markets Nikkei hits 6-mth closing high HK stocks end 0.82% higher China rebounds from 2-mth lows Rupee / Gold Gold demand moderate Gold rebounds on demand Re up by 19 paise vs dollar More 'Market' News Tata Motors tops Nifty, Sensex charts: Brokerages raise target price According to analysts, Tata Motors can give a good set of return in the auto space despite the fact that its domestic business will still take some time to recover. Tata Steel rallies over 3% post Q2 results; brokerages raise target price JPMorgan and Deutsche Bank maintained their ‘overweight’ and ‘buy’ ratings on the stocks and see it heading over Rs 500 in the next 12 months. FT withdraws Paras Ajmera’s nomination from MCX board FT, the promoter of the country’s largest commodity exchange MCX, has withdrawn the nomination of Paras Ajmera from the bourse with effect from Tuesday.	Market Round-up SENSEX 20399.42 205.02 NIFTY 6056.15 66.55 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 63.6954 -.15 USD/INR 63.6954 -.15 NSE Gainers Scrip Price(Rs.) %Change Onward Technologies Ltd. 59.75 + 19.98 Career Point Ltd. 92.70 + 18.32 Monnet Ispat & Energy Ltd 146.75 + 16.51 Ucal Fuel Systems Ltd. 57.90 + 15.68 Mukand Engineers Ltd. 26.55 + 13.70 NSE Losers Scrip Price(Rs.) %Change Lakshmi Energy & Foods Lt 19.65 -9.86 Neo Corp International Lt 6.90 -9.80 Jay Shree Tea & Industrie 82.40 -7.10 Indo Rama Synthetics (Ind 16.00 -6.98 Orient Bell Ltd. 55.45 -6.73

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