5 reasons why mkt rally has fizzled out and other ET news

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	Dated:13 December,2013

Top Headlines Sensex ends 210 pts down, marks biggest weekly fall in a month Investor wealth fell by Rs 75,000 crore as overall 1,575 stocks slid out of the 2,610 traded on the BSE. Five reasons why market rally has fizzled out The S&P BSE Sensex has slipped over 670 points and the Nifty has lost 165 points from all-time highs early this week. BofA-ML sees Sensex at 19K early next year; top 10 picks for 2014 The brokerage firm advised investors to add exposure to some deep cyclical sectors like beaten-down high debt infra stocks or PSBs as high risk-high reward names. Views on Stocks/Markets S&P upgrades Infosys, Wipro to 'A-' from 'BBB+'; outlook stable Tata Motors cheapest export-based bet on BSE index Stick to the defensive stocks till elections are over: Prateek Agarwal IPO/Global Markets HK shares trim weekly losses Shanghai shares down again Nikkei ends 3-day losing run Rupee / Gold Prospect of rate hike hits Re Gold tumbles on sluggish demand Gold halts slide More 'Market' News Bulls will make a comeback, bear the brunt for now: Experts Politics and US Fed tapering will be the focus in the first half of 2014, and will overshadow the economic concerns and earnings, says BofA-ML. Elder Pharma crashes 8% on worry about residual business; Torrent down 4% The deal is a not a good one for anybody to go in for right now, rather investors could go for a growth stocks like Lupin, Aurobindo and Biocon, says expert. Mkts may see further pressure as brokerages see 25 bps rate hike After breaching the double-digit mark in October, CPI maintained its trajectory with November figure at 11.24%.	Market Round-up SENSEX 20715.58 -210.03 NIFTY 6168.40 -68.65 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 61.7761 .53 USD/INR 61.7761 .53 NSE Gainers Scrip Price(Rs.) %Change Somany Ceramics Ltd. 106.65 + 8.00 Indoco Remedies Ltd. 107.25 + 7.25 Ravi Kumar Distilleries L 4.70 + 6.82 Usher Agro Ltd. 36.55 + 5.03 HOV Services Ltd. 93.50 + 5.00 NSE Losers Scrip Price(Rs.) %Change Crest Animation Studios L 3.00 -9.09 Kanani Industries Ltd. 12.05 -8.71 Diamond Power Infrastruct 54.75 -8.21 Elder Pharmaceuticals Ltd 299.10 -8.00 Sumeet Industries Ltd. 24.60 -7.52

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