Sensex closes down 1.4 pc

	Dated:24 August,2011

Market Round-up SENSEX 16284.98 -213.49 NIFTY 4888.90 -60.00 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Sambandam Spinning Mills 79.35 + 18.97 Nuchem Ltd. 3.30 + 15.79 Ankur Drugs & Pharma Ltd. 27.80 + 15.35 MVL Industries Ltd. 14.85 + 14.67 Impex Ferro Tech Ltd. 8.15 + 12.41 NSE Losers Scrip Price(Rs.) %Change Bang Overseas Ltd. 24.60 -12.46 Deccan Chronicle Holdings 56.00 -12.09 Visesh Infotecnics Ltd. 5.00 -11.50 Rajshree Sugars & Chemica 35.60 -11.00 Almondz Global Securities 21.45 -10.44

Top Headlines Sensex closes down 1.4 pc; snaps 2-day rally The BSE benchmark Sensex today tumbled by over 213 points due to across-the-board selling, mainly in interest rate sensitive stocks. 'Markets not at panic bottom; top quality stocks still expensive' Confusion still prevails in markets & that is why you see them sliding on a very frequent basis nowadays, says Rajat Rajgarhia, Motilal Oswal Securities. Investors trade in tight range ahead of Bernanke speech World stocks fell on Wednesday as European investors shuffled positions ahead of a Jackson Hole speech by Federal Reserve Chairman Ben Bernanke. Views on Stocks/Markets Do not rush into buying Coal India: Sudarshan Sukhani There is no case for going long in metal or mining stocks: Ashwani Gujral Stay away from HDIL: Sudarshan Sukhani, Technical Trends IPO/Global Markets SRS IPO subscribed 0.25 times Wall Street set for fall European shares slip Rupee / Gold Re eases on euro's retreat Gold drops further by Rs 350 Gold rebounds 1 pc More 'Market' News Citi cuts Tata Power target price on rising input costs Citi has cut the target price of Tata Power to Rs 1,290 from Rs 1,462 and maintained 'buy' rating on back of higher input cost at its Mundra ultra mega power project (UMPP). Shriram EPC gains on order win; more orders in pipeline Shriram EPC Ltd has soared 15% in early trade after the company said it has been awarded an order amounting to Rs 640 cr for construction of a solar thermal power plant in the Jaisalmer district of Rajasthan. Sebi, Vaswani Ind agree to rescue IPO; investors to get 1:4 bonus Counsel from both sides informed SAT that Vaswani will provide withdrawal option to only retail investors up to a maximum of 15 lakh shares.