Sensex surges 185 points; L&T biggest gainer at 4%

	Dated:20 May,2011

Market Round-up SENSEX 18326.09 184.69 NIFTY 5486.35 58.25 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Wanbury Ltd. 36.00 + 19.80 MIC Electronics Ltd. 22.45 + 12.53 Paramount Printpackaging 28.20 + 11.02 Shree Ganesh Forgings Ltd 6.20 + 10.71 Asian Hotels (East) Ltd. 289.10 + 10.49 NSE Losers Scrip Price(Rs.) %Change Cura Technologies Ltd. 204.50 -10.87 Evinix Industries Ltd. 1.00 -9.09 GTN Industries Ltd. 16.10 -9.04 ITD Cementation India Ltd 164.30 -8.62 GSL Nova Petrochemicals L 4.15 -7.78

Top Headlines Sensex surges 185 points; L&T biggest gainer at 4% The Sensex rose by nearly 185 points as higher earnings by L&T and Tata Power and firming European markets boosted investor confidence. Unclear govt policies prevent market rally: Kotak Equities Sandeep Bhatia of Kotak Equities said govt action will be negative in terms of rate hikes, so mkt will either be range bound or trade off. Government hikes upstream oil companies' subsidy burden on fuel to 38.8% Upstream firms ONGC, Oil India and GAIL India have been ordered to contribute Rs 30,296.7 crore, sources said. Views on Stocks/Markets 'Buying metal stocks not suggested' 'Pantaloon will turn bullish' ADAG Group stocks are in deep trouble IPO/Global Markets Vaswani listing derailed European shares higher World stocks edge up Rupee / Gold Rupee edges down Gold demand weak Silver rises to Rs 54,200 More 'Market' News Vedanta to issue bonds for Cairn India deal India-focused miner Vedanta Resources said on Friday it intends to sell bonds in a private offering to institutions to help pay for its planned acquisition of Cairn Energy's India unit. Hike in subsidy sharing pulls down ONGC, Oil India, GAIL The government has hiked subsidy burden on upstream oil companies to 38.5 per cent in order to share the losses made by oil marketing companies. L&T: Analysts' views & recommendations on the stock Larsen and Toubro (L&T) on Thursday reported a 17.25% growth in standalone net profit to 1,686.21 crore for the quarter ended March 31, 2011.