Why Indian mkts are brushing off QE taper and other ET stories

To ensure delivery directly to your inbox, Please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here.
	Dated:31 January,2014

Top Headlines Five reasons why Indian markets are brushing off QE taper Markets seem to be undecided on bias, thanks to the US cutting its quantitative easing programme by another $10 billion to $65 billion. IT's a gain on QE taper; remains hot bet on Dalal Street "IT and pharma have been the defensive names and they are clear plays on global and particularly US growth recovery," says Arvind Sanger. Tata Motors looks set to become the cheapest stock on Sensex? Brokers bullish While its UK-based subsidiary Jaguar-Land Rover continues to report strong growth in volume, its domestic business is facing a slowdown. Views on Stocks/Markets Fed’s decision to taper by $10 billion on expected lines: Macquarie Don’t see external volatility in rupee going ahead: HSBC RBI is targeting core inflation by hiking rates: JPMorgan AMC IPO/Global Markets Nikkei falls to 2 1/2-month low Asian stocks slip, yen rises European shares down Rupee / Gold Re falls on foreign outflow worries Gold, silver tumble on global cues Gold set to snap 5-week rally More 'Market' News NPA factor: PNB surges 6% despite Q3 net profit declining by 42% Gross NPAs slipped to 4.96 per cent versus 5.14 per cent quarter on quarter(QoQ) and net NPAs fell to 2.80 per cent versus 3.07 per cent QoQ. NSEL to liquidate assets of Mohan India & Vimladevi Agrotech Crisis-hit NSEL has decided to liquidate assets of two defaulters - Mohan India Group and Vimladevi Agrotech, who together owe around Rs 913 crore. Oberoi Realty can rally 40% post SC ruling: HDFC Securities The brokerage firm sees the stock rally towards Rs 289 levels in the next 12 months, which translates into an upside of 44.3 per cent.	Market Round-up SENSEX 20513.85 15.60 NIFTY 6089.50 15.80 S&P500 1,794.19 19.99 NASDAQ 4,123.12 .00 USD/INR 62.7473 .16 USD/INR 62.7473 .16 NSE Gainers Scrip Price(Rs.) %Change First Winner Industries L 30.30 + 396.72 Cyber Media (India) Ltd. 15.00 + 70.45 Aban Offshore Ltd. 448.70 + 19.51 Gravita India Ltd. 53.40 + 18.01 Dolphin Offshore Enterpri 84.75 + 15.31 NSE Losers Scrip Price(Rs.) %Change Jai Balaji Industries Ltd 8.95 -19.00 PVR Ltd. 535.65 -10.91 Bharat Gears Ltd. 39.45 -9.93 Balrampur Chini Mills Ltd 36.80 -8.46 Essar Oil Ltd. 44.85 -8.38

About Us> | Advertise with Us | Terms of Use and Grievance Redressal Policy | Privacy Policy | Feedback | Sitemap Copyright © 2014 Bennett Coleman & Co. Ltd All rights reserved. For reprint rights: Times Syndication Service Follow Us: If you want to unsubscribe the service, please click here.