Sensex ends 309 points lower; Infosys, BHEL, L&T down

	Dated:12 July,2011

Market Round-up SENSEX 18411.62 -309.77 NIFTY 5526.15 -89.95 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Weizmann Forex Ltd.[Amalg 81.80 + 20.03 Savita Oil Technologies L 682.70 + 14.72 Karma Energy Ltd.[Amalgam 17.45 + 13.68 Emkay Global Financial Se 42.75 + 12.65 Rushil Decor Ltd. 160.85 + 11.24 NSE Losers Scrip Price(Rs.) %Change Jumbo Bags Ltd. 22.65 -9.22 Grabal Alok Impex Ltd. 25.40 -8.63 Gyscoal Alloys Ltd. 11.35 -8.47 Mudra Lifestyle Ltd. 31.35 -7.79 Sterling Biotech Ltd. 81.30 -7.67

Top Headlines Sensex ends 309 points lower; Infosys, BHEL, L&T down Indian shares dropped for the third straight session and closed 1.65 percent lower, taking their cues from Asian and European markets. Sensex to touch 22,000 mark in 12-months: Credit Suisse The telecom sector and interest rate-sensitive sectors like banking and auto looks attractive at the present stage for an investor. 'Investors looking for 'deep value' should look at cos with good asset value' Investors with longer investment horizon should look at good dividend-paying cos with strong cash flows," says Naresh Kothari of Edelweiss. Views on Stocks/Markets Buy Infosys at current levels of 2750-2770: Ambareesh Baliga Buy DCB with a stop-loss of 60; target of Rs 68-69: Mitesh Thacker Bearish on oil and gas space: Morgan Stanley PWM IPO/Global Markets Asian stocks tumble World stocks plunge European shares fall early Rupee / Gold Re ends at 44.7050/7150 Gold at Rs 22,535 Gold gains Rs 165 More 'Market' News Indian companies avoided IPO, FPO route to raise funds in H1, 2011 A total of 34 companies raised Rs 34,150 crore through initial and follow-on public offers in the first six months of 2010. JP Morgan starts Glenmark Pharma with 'overweight' JP Morgan has initiated coverage of Glenmark Pharmaceuticals with an 'overweight' rating and a price target of Rs 400 on bullish outlook. Mphasis closed 5.38% down as Santander moves back call center biz to UK Santander has moved its call centre services, which were earlier being outsourced to MphasiS, to UK from India following customer complaints.