Unitech Wireless properties may be attached;stock down

	Dated:23 June,2011

Market Round-up SENSEX 17727.49 176.86 NIFTY 5320.00 41.70 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Indowind Energy Ltd. 23.90 + 15.46 Timbor Home Ltd. 105.60 + 15.35 Welspun Investments & Com 68.15 + 14.92 C&C Constructions Ltd. 93.50 + 12.24 Creative Eye Ltd. 5.75 + 11.65 NSE Losers Scrip Price(Rs.) %Change Titan Industries Ltd. 228.90 -94.67 Cura Technologies Ltd. 185.20 -11.70 Remsons Industries Ltd. 22.50 -10.89 Avanti Feeds Ltd. 33.70 -10.73 Euro Multivision Ltd. 9.45 -10.00

Top Headlines Sensex ends above 17700; FMCG, Oil & gas, IT lead Benchmarks ended comfortably above the intermediate resistance levels as investors bought index heavy-weights such as RIL & ONGC at lower levels. Overweight on banking and IT stocks: Sandeep Bhatia The large-cap IT names are coming at attractive valuations right now and we like Infosys over TCS, says Sandeep Bhatia of Kotak Institutional Equities. Shares in GTL drop 17%, GTL Infra slip 12.70% Shares in GTL group cos slipped for 7th consecutive session on rumours that company's promoters have pledged more than 50% of their stake. Views on Stocks/Markets Stick to short term trading for Reliance: Deepak Mohoni Maruti facing downward pressure: Ashwani Gujral Buy Petronet on declines: Sudarshan Sukhani IPO/Global Markets IPO insurers profit must be twice China shares post biggest rise Global stocks hit by Fed's warning Rupee / Gold Re remains weak, euro weighs Gold ends 4-day winning streak Gold snaps gaining streak More 'Market' News Lupin, Natco Pharma up on marketing deal Shares in Lupin and Natco Pharma rose 2 percent after signing a pact to market the generic equivalent of Tykerb tablets, dealers said. Unitech Wireless properties may be attached;stock down Shares of Unitech came under pressure after ET Now reported that the Enforcement Directorate is seeking legal advice to attach some of the specific properties of Unitech Wireless. BoFA-ML reinitiates Mahindra Satyam with 'underperform' Bank of America Merrill Lynch has reinitiated coverage of Mahindra Satyam with an 'underperform' rating and a price target of 78 rupees.