Sensex tanks, what experts say on investing, rupee gains and other stories

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	Dated:03 February,2014

Top Headlines Sensex loses 305 points: Is it the start of a market meltdown? The bearishness in the markets is being attributed to the US tapering its bond buying programme by another $10 billion to $65 billion. It's officially a bear market if Nifty slips another 26 points The Nifty has lost nearly 345 points in last seven trading sessions after the emerging markets went into disarray following hopes of economic revival in the US. Sensex tanks to 10-week low on weak global cues The Sensex dropped 304.59 pts, or 1.48% to end at 20,209.26, the weakest level since 20,217.39 on Nov 22, 2013. This was the sixth drop in seven sessions. Views on Stocks/Markets Wait for FIIs to press the panic button before shorting Nifty ‘Buy right sit tight’ to be the art of investing: Raamdeo Agrawal PSBs fall on asset quality woes; brokers cut target IPO/Global Markets Nikkei closes at 2-month low Asia stocks slip; euro dogged Australia shares tread water Rupee / Gold Gold, silver import tariff value cut Rupee gains Gold extends gains More 'Market' News US ditches D-Street bulls, IT story too may lose connect Experts, who were till some time overly bullish, are turning negative, thanks to India's revised GDP data for the financial year 2013. Raamdeo Agrawal on how to get 25% returns in a jittery market For creating wealth, investors should ‘buy right, sit tight’, said Raamdeo Agrawal, joint MD & co-founder, MOFSL. Auto stocks in reverse gear on weak January sales data Mahindra & Mahindra continued its weak performance as passenger vehicle segment once again witnessed a steep decline in volumes.	Market Round-up SENSEX 20209.26 -304.59 NIFTY 6001.80 -87.70 S&P500 1,782.59 -11.60 NASDAQ 4,103.88 -19.25 USD/INR 62.5820 .00 USD/INR 62.5820 .00 NSE Gainers Scrip Price(Rs.) %Change CIL Nova Petrochemicals L 18.50 + 85.00 Monsanto India Ltd. 1,068.55 + 13.30 Kaveri Seed Company Ltd. 473.15 + 13.13 Renaissance Jewellery Ltd 62.60 + 11.99 Aksh Optifibre Ltd. 17.00 + 11.48 NSE Losers Scrip Price(Rs.) %Change Swan Energy Ltd. 68.50 -46.94 Neuland Laboratories Ltd. 281.95 -14.53 Shree Rama Multi-Tech Ltd 7.20 -13.25 Suprajit Engineering Ltd. 49.20 -10.38 Varun Industries Ltd. 6.00 -7.69

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