Sensex ends below 18100; oil&gas, pharma down

	Dated:18 May,2011

Market Round-up SENSEX 18086.20 -51.15 NIFTY 5420.60 -18.35 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change GSL Nova Petrochemicals L 4.75 + 20.25 SRHHL Industries Ltd. 4.50 + 15.38 Sah Petroleums Ltd. 30.10 + 12.73 Rane Brake Lining Ltd. 127.85 + 10.41 Indus Fila Ltd. 24.90 + 9.45 NSE Losers Scrip Price(Rs.) %Change Nucent Estates Ltd. 2.05 -16.33 National Steel and Agro I 20.70 -10.20 Servalakshmi Paper Ltd. 14.75 -10.06 Kwality Dairy (India) Ltd 90.05 -9.72 Radaan Mediaworks (I) Ltd 2.80 -9.68

Top Headlines Sensex ends below 18100; oil&gas, pharma down Rate sensitive sectors and oil&gas stocks remained down on profit booking on concerns that any hike in diesel prices would lead to another interest rate hike by RBI. Policy tightening taking the heat out of Indian economy: StanChart Gerard Lyons, Standard Chartered, says the Indian economy has a lot of underlying resilience, but the growth will slow because of policy tightening. Market fundamentals of remain quite attractive: Adrian Lim The worries of cost of funding and goods would remain in short term and that is holding back sentiments, says Adrian Lim. Views on Stocks/Markets Buy L&T from long-term perspective: Avinash Gorakshekar Buy Coal India around 365-370: Ashwani Gujral Avoid taking long positions in Infosys: CK Narayan IPO/Global Markets Subsidy burden may hit ONGC FPO SBI Rs 20k cr rights issue soon World stocks rise Rupee / Gold Rupee ends up Gold demand muted Silver up on bargain buying More 'Market' News SBI remains strong in terms of growth: Angel Broking In an interview with ET Now, Vaibhav Agrawal, VP Research, Banking, Angel Broking, talks about his call on SBI and the banking space. Excerpts: Orchid Chemicals declares 30 per cent dividend Pharmaceuticals major Orchid Chemicals and Pharmaceuticals Ltd Wednesday recommended 30 per cent dividend for the year 2010-11. Expect industrial goods demand to decline globally in 3-6 months: HSBC In an interview with ET Now, Arjuna Mahendran, Head of Asia Investment, HSBC, talks about the Indian market and tightening monetary policy. Excerpts: