Sensex set for new highs, FIIs high on BJP factor & more

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	Dated:10 December,2013

Top Headlines Sensex set for new highs: Time to book profits and buy again? Analysts expect the index to trade between 23k-24k by the end of FY14, while some are not ruling out 22k by Dec-end. FIIs high on BJP factor: Analysts see Sensex at 24K, Nifty 7K by March Foreign funds which are a key to the rally in Indian markets have bought shares and derivatives worth $1 billion on Monday. Profit-booking drags Sensex over 71 pts lower; NTPC tanks 11% Bluechips, including ICICI Bank, L&T and BHEL, slid 3-4 per cent after market participants book profits in the backdrop of 618-point surge in Sensex in the previous three days. Views on Stocks/Markets CERC shocker: NTPC, Power Grid will be hit most, say brokerages Stock buzz: Persistent Systems seen rallying upto 15% by month-end Use current market rally to book profits: Dimensions Consulting IPO/Global Markets Nikkei on track for best year since 1972 China shares end flat Hong Kong shares slip in weak turnover Rupee / Gold Rupee closes at 61.04 Silver jumps Rs 830; gold up Gold up on outlook for more buy More 'Market' News IT stocks shine in a subdued market, TCS surges 4% IT stocks hogged the limelight in an otherwise dull market today. The IT index on the BSE gained 2.14 per cent, up 181.09 points. Strides to pay dividend of Rs 500 per share post Agila sale Arcolab said it will pay a special dividend of Rs 500 per equity share following the completion of its sale of Agila Specialties division to Mylan Inc. See a bull market in 2014 post general elections: Andrew Holland "We may see a volatile first quarter given the global factors and then possibly a rally, if people get excited about BJP getting in," says the CEO of Ambit Investment.	Market Round-up SENSEX 21255.26 -71.16 NIFTY 6332.85 -31.05 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 60.9269 -.17 USD/INR 60.9269 -.17 NSE Gainers Scrip Price(Rs.) %Change Himadri Chemicals & Indus 19.00 + 16.21 Swan Energy Ltd. 151.55 + 15.29 Binani Industries Ltd. 87.85 + 14.02 Mohit Industries Ltd. 34.95 + 13.29 Manjushree Technopack Ltd 145.35 + 10.45 NSE Losers Scrip Price(Rs.) %Change NTPC Ltd. 136.05 -11.34 Parekh Aluminex Ltd. 67.45 -9.95 Kingfisher Airlines Ltd. 4.40 -9.28 Visa Steel Ltd. 17.25 -8.24 Kilitch Drugs(I) Ltd. 22.50 -7.60

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