Shankar Sharma says mkts will plunge, Gold, silver surge on global cues & other stories

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	Dated:14 February,2014

Top Headlines SBI Q3 net profit plunges 34%, stock slips: What analysts say Shares of SBI came under pressure on disappointing net profit for the quarter ended December and asset quality concerns. Interim budget 2014 to be a non-event for markets: Analysts Ahead of the event, Indian markets have plunged nearly 700 points so far in the year 2014 and over 200 points in February alone. Markets will plunge by at least 10-20%: Shankar Sharma "Low hanging fruit as far as big trades are concerned are obviously gone; and IT has done phenomenally well," says Shankar Sharma. Views on Stocks/Markets Best to avoid banking space for next 6-8 months: Expert Midcap IT to perform well over rupee depreciation: Dipan Mehta Best index to be on the long side is IT: Ashwani Gujral IPO/Global Markets HK shares rise to end best week Seoul shares rise 0.7% Nikkei skids to 1-week low Rupee / Gold Gold, silver surge on global cues More 'Market' News Love lost on D-Street? Valentine stocks tank as much as 5% Shares of gift and card-makers, including Archies and Hanung Toys, slipped in today's trade in a sluggish broader market on Valentine's Day. Will high bids hurt telecom stocks, make calls expensive? Telecom stocks were on a roll today, a day after the 2G telecom spectrum auction concluded; though they closed the day on a tepid note. Sensex ends 173 points higher, Nifty above 6000 The Nifty staged a strong comeback in the last hour of trade on the back of short coverings ahead of the interim Union Budget.	Market Round-up SENSEX 20366.82 173.47 NIFTY 6048.35 47.25 S&P500 1,782.59 -11.60 NASDAQ 4,103.88 -19.25 USD/INR 62.0607 .11 USD/INR 62.0607 .11 NSE Gainers Scrip Price(Rs.) %Change Amtek Auto Ltd. 81.00 + 18.42 Igarashi Motors India Ltd 96.55 + 16.12 Symphony Ltd. 500.85 + 10.95 Uniphos Enterprises Ltd. 21.70 + 10.43 Amtek India Ltd. 66.15 + 9.88 NSE Losers Scrip Price(Rs.) %Change 8K Miles Software Service 98.40 -16.08 Wheels India Ltd. 663.95 -11.42 Sree Rayalaseema Hi-Stren 16.95 -9.84 Shree Rama Multi-Tech Ltd 5.10 -9.73 HB Stockholdings Ltd. 8.85 -9.69

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