Interest rate hike by the Reserve Bank of India

	Dated:16 June,2011

Market Round-up SENSEX 17985.88 -146.36 NIFTY 5396.75 -50.75 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Shriram EPC Ltd. 167.90 + 16.15 Lovable Lingerie Ltd. 448.40 + 15.08 Bhartiya International Lt 64.50 + 13.26 Genus Power Infrastructur 17.55 + 12.86 Sun TV Network Ltd. 358.50 + 10.85 NSE Losers Scrip Price(Rs.) %Change MIC Electronics Ltd. 15.25 -13.60 ADF Foods Ltd. 72.00 -9.72 Kilitch Drugs(I) Ltd. 53.15 -8.76 Emkay Global Financial Se 46.50 -7.37 AXIS-IT&T Ltd. 80.65 -6.82

Top Headlines Nifty ends below 5400; IDFC, ACC, RIL, SAIL down Benchmarks reacted sharply to the interest rate hike by the Reserve Bank of India and ended below psychological levels. Nifty has critical support at 5300: Louise Yamada As long as gold holds above 1400, it should represent a buying opportunity, says Louise Yamada, Louise Yamada Advisors. Uptick in investments likely after 5 or 6 quarters: Franklin Templeton Investments The peak of inflation is probably two quarters away because manufacturing inflation has picked up, says Sukumar Rajah, Franklin Templeton. Views on Stocks/Markets Tata Motors firmly in downtrend: Mitesh Thacker Buy Apollo Tyres, JB Chem Pharma: Sudarshan Sukhani ABG Shipyard could be a good intraday trade: Deepak Mohoni IPO/Global Markets Greek debt hits world stocks HK shares hit fresh lows European shares falter Rupee / Gold Gold up by Rs 54 Re ends lower by 13 p Gold rises to Rs 22,585 More 'Market' News Reliance Industries scrip falls to new year-low RIL has underperformed Sensex by 12% over last three months on concerns of falling gas production, HSBC said, as per the media reports. Gayatri Projects bags Rs 50 crore order; stock up Gayatri Projects has bagged new order worth Rs 50.06 crore from Gujarat Energy Transmission Corporation. Mafatlal Industries shares jump on land sale approval Mafatlal Industries rose more than 7 pc after the company said it received shareholder approval for development or sale of its land in Mumbai.