JP Morgan cuts Punj Lloyd price target

	Dated:10 June,2011

Market Round-up SENSEX 18268.54 -116.36 NIFTY 5485.80 -35.25 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Lovable Lingerie Ltd. 385.35 + 19.56 Norben Tea & Exports Ltd. 7.70 + 17.56 Fresenius Kabi Oncology L 128.15 + 13.96 Sarla Performance Fibers 129.55 + 12.65 NRC Ltd. 6.80 + 12.40 NSE Losers Scrip Price(Rs.) %Change SE Investments Ltd. 15.55 -10.63 Indo Count Industries Ltd 12.60 -8.03 VIP Industries Ltd. 749.80 -6.95 Sanghvi Forging & Enginee 61.15 -6.71 Sujana Universal Industri 5.55 -5.93

Top Headlines Sensex ends 116 points lower; DLF, ITC, L&T down Sensex ended on weak note for third consecutive session as April IIP data and weak cues from global peers dampened sentiments. SBI breaches RBI norms on Reliance Industries exposure for third straight year SBI has disclosed that its credit to Mukesh Ambani-led Reliance Industries was in excess of the limits prescribed under RBI's credit norms. Haryana govt bans strike at Maruti's Manesar plant; stock up Haryana govt has banned strike at Maruti's Manesar plant. It has issued prohibitory orders against striking workers and refered the matter to a local labour court. Views on Stocks/Markets Markets to remain range-bound: Bajaj Allianz Life Ins Auto stocks are likely to move lower: Ashwani Gujral Market momentum has turned down: Sudarshan Sukhani IPO/Global Markets World stocks heading for wkly loss European shares on track China shares end flat Rupee / Gold Rupee ends at 44.72/73 Silver up at Rs 56,200 Gold steady More 'Market' News JP Morgan cuts Punj Lloyd price target JP Morgan has cut price target for Punj Lloyd to 68 rupees from 116 rupees and maintained its "neutral" rating on the stock citing weak execution and slow-moving orders. BSE allows trading in 135 more stocks in F&O The BSE has 84 stocks in addition to a few indices in its F&O segment, which clocked an average daily turnover of Rs 18 crore in the past one month. FMPranab Mukherjee says monthly industrial output data disturbing India's industrial output growth in April is disturbing, Finance Minister Pranab Mukherjee said on Friday, after the latest data showed growth of 6.3 percent compared to the same period a year ago.