How 50 bps-plus rate hike will affect BSE firms; Pharma and auto among BofA-ML's top picks & more

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	Dated:17 December,2013

Top Headlines How 50 bps-plus rate hike will add to debt load of BSE-500 firms With inflation rising to a 14-month high, the likelihood of RBI increasing policy rates on December 18 has increased. Should investors trim positions in banks as rate hike looks imminent? The banking sector may have been beaten down pretty bad so far in the year, but some of the stocks are trading at attractive valuations, say analysts. Pharma, auto among BofA-ML's top sectoral picks for 2014 The brokerage’s sectoral strategies for 2014 are based on themes such as rupee-sensitive names and economy related stocks. Views on Stocks/Markets TCS sees muted revenue growth in Q3; brokerages retain ‘buy’ rating NTPC, Adani Power top picks among power companies: KR Choksey Stay away from PSU banks for next two quarters: G Chokkalingam IPO/Global Markets HK shares at lowest since Nov 15 Nikkei up on upbeat growth signals China shares fall for a sixth day Rupee / Gold Rupee falls, ends at 62.01 Gold falls to Rs 30,400 Gold dewn before Fed meet More 'Market' News Nifty ends below 50-DMA, Sensex down for 6th day The benchmark Sensex also erased initial gains and ended over 47 points down, logging losses for the sixth day in a row. Infy, Wipro, HCL Tech hit 52-week highs on positive biz outlook The earnings outlook for these IT major look positive following pick-up in the US economy and as rupee continues to remain below 61 mark. Raghuram's tone to direct market: Strategies ahead of RBI meet Market is factoring in a 25 bps hike and doesn’t expect any sharp movement on the benchmarks due to it. However, the tone of the RBI governor will be crucial.	Market Round-up SENSEX 20612.14 -47.38 NIFTY 6139.05 -15.65 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 61.9286 -.25 USD/INR 61.9286 -.25 NSE Gainers Scrip Price(Rs.) %Change Nitin Spinners Ltd. 17.45 + 12.94 Aarvee Denims and Exports 52.55 + 11.93 Financial Technologies (I 168.50 + 10.71 Wockhardt Ltd. 375.95 + 10.62 Vaibhav Global Ltd. 504.55 + 10.00 NSE Losers Scrip Price(Rs.) %Change Onelife Capital Advisors 238.95 -18.01 Eveready Industries India 34.05 -7.35 Ujaas Energy Ltd. 10.60 -6.61 Pantaloons Fashion & Reta 88.55 -6.15 Dalmia Bharat Ltd. 150.90 -6.01

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