Sensex tanks by 364 points; realty, oil & gas, auto down

	Dated:20 June,2011

Market Round-up SENSEX 17506.63 -363.90 NIFTY 5257.90 -108.50 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Arrow Textiles Ltd. 11.40 + 18.13 AML Steel Ltd. 16.55 + 9.24 ECE Industries Ltd. 114.45 + 9.00 Can Fin Homes Ltd. 116.40 + 8.79 Kirloskar Brothers Ltd. 160.35 + 8.31 NSE Losers Scrip Price(Rs.) %Change GTL Ltd. 127.95 -62.18 GTL Infrastructure Ltd. 16.95 -42.74 K S Oils Ltd. 18.95 -21.37 Sujana Towers Ltd. 27.90 -16.47 GI Engineering Solutions 11.95 -14.64

Top Headlines Sensex tanks by 364 points; realty, oil & gas, auto down Shares closed lower on concerns that India may review its tax treaty with Mauritius, which could lead to a fall in portfolio investments via that route. Reliance Comm, Infra plunge on exclusion from BSE 30 The exclusion adds to existing troubles for Anil Ambani: RComm is saddled with more than $7 bn in net debt and has reported seven straight quarters of profit declines. GTL Ltd, GTL Infra shares tank; co may consider buyback According to management, company's pledged shares have not been sold and fundamentals of the company remain strong. Views on Stocks/Markets Mkts have gone into a consolidation phase: Credit Suisse Why Punj Lloyd & Tata Steel should be on your radar Bearish medium-term outlook: Sandeep Wagle IPO/Global Markets Investors can skip Medspa's PO 'ONGC share sale likely in July' Asia stock markets down Rupee / Gold Re drops 13 paise against $ Gold rises to Rs 22,820 Gold barely moves after gains More 'Market' News Markets volatility is extremely high: Deepak Mohoni We have got a 200-300 point Sensex move in the last 2-3 minutes upward this time, so the volatility is extremely high and all the prices we are seeing right now are very transient, fleeting. Mid and small cap shares down on Mauritius treaty concerns Stocks of mid and small-cap companies with investments from Mauritius fell sharply on concerns that the India government may renegotiate its tax avoidance treaty with Mauritius. All the high beta stocks are tumbling The causes must be more than just rumours here because it is very much across the board and all the high beta stocks are tumbling.