HCL Infosystems, MTNL fall on CWG-related contract probe

	Dated:09 June,2011

Market Round-up SENSEX 18384.90 -9.39 NIFTY 5521.05 -5.80 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Nicco Corporation Ltd. 3.15 + 21.15 AXIS-IT&T Ltd. 82.45 + 20.01 Keynote Corporate Service 56.70 + 19.37 Nesco Ltd. 628.75 + 18.49 SE Investments Ltd. 17.40 + 14.10 NSE Losers Scrip Price(Rs.) %Change Manappuram General Financ 58.65 -49.26 Automotive Stampings and 71.60 -18.31 SRHHL Industries Ltd. 3.85 -9.41 MIRC Electronics Ltd. 25.90 -7.50 Vikash Metal & Power Ltd. 15.00 -6.54

Top Headlines Nifty ends little-changed; auto, pharma, IT down Benchmarks ended a sluggish session on a flat note due to lack of participation from investors in a directionless market. Competition makes stock selection risky in China and India: JPMorgan Your best bet is to stick with consumer space and the private sector banks, says Adrian Mowat, of JPMorgan Securities. Markets trading at a fair value currently: Parul Saini, RBS India will now start to look more attractive because it is ahead in dealing with concerns like inflation, says Parul Saini of RBS. Views on Stocks/Markets Buy Maruti on a 7-8% dip: Mehrab Irani 'Buy Reliance Industries; completing bullish pattern' No point in buying HCL Infosystems: Sudarshan Sukhani IPO/Global Markets World stock mkts down Taiwan stocks end flat European shares turn negative Rupee / Gold Gold buying dries up Gold up by Rs 31 Re ends at 44.76/76 More 'Market' News CLSA lowers JSW Steel to 'underperform'; cuts target CLSA has downgraded JSW Steel to "underperform" from "outperform" and cut the price target to Rs 960 from Rs 1,075. HCL Infosystems, MTNL fall on CWG-related contract probe HCL Infosystems on Wednesday said CBI officials had probed some of its employees working on a project team of state-run telecom firm MTNL. Bharti in talks to share infrastructure in Africa; stock down Bharti Airtel is in talks with five leading operators-Etisalat, MTN, Orange, Millicom and Vodafone-for sharing telecoms infra such as towers.