FIIs pull out Rs 8,000 crore from stock, debt market in August: SEBI

	Dated:02 September,2011

Market Round-up SENSEX 16821.46 144.71 NIFTY 5040.00 39.00 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change National Steel and Agro I 17.05 + 15.99 Bhagwati Banquets & Hotel 89.10 + 15.94 Uttam Sugar Mills Ltd. 31.00 + 14.39 Maral Overseas Ltd. 12.75 + 14.35 Manappuram Finance Ltd. 56.15 + 11.63 NSE Losers Scrip Price(Rs.) %Change Everonn Education Ltd. 350.65 -20.00 Sambandam Spinning Mills 74.55 -11.14 J B Chemicals & Pharmaceu 85.10 -9.71 Prakash Industries Ltd. 49.50 -9.59 Allsec Technologies Ltd. 13.70 -8.67 Top Headlines FIIs pull out Rs 8,000 crore from stock, debt market in August: SEBI Market analysts believe the heavy selling by FIIs was triggered by the downgrade of the US's credit rating, which led to a panic among investors. Asian markets may face 10-20% further correction: BNP Paribas When we look at Asian equity valuations, all markets are now trading below long term mean in terms of price earnings, says Erwin Sanft, BNP Paribas. Sensex provisionally closes up 0.9 pct; RIL, ITC, ICICI Bank up The BSE Sensex provisionally closed 0.9 per cent higher on Friday with gains in energy major Reliance Industries, ITC, M&M Ltd and ICICI Bank Ltd. Views on Stocks/Markets Buy R Comm on dips: Sudarshan Sukhani Difficult to say cement stocks will pick up: Ashwani Gujral Idea is showing most upside fizz: CK Narayan IPO/Global Markets SBI rights issue on track Govt to unveil ONGC offer ONGC may file for FPO Rupee / Gold Rupee up by 23 paise versus dollar Rupee off day's high as euro slips Gold up on safe haven buying More 'Market' News Titan: Will the stock price double in 5 years? The stock is currently trading at a very high P/E (Price to Earning) of 38 which may not be sustainable for a long time. Nomura upgrades HCC to 'buy', maintains target price Nomura has upgraded HCC to 'buy' from 'neutral' and maintained its target price of Rs 33 Manappuram Finance up 12%; VIP Industries, Jubilant gain over 6% Shares of Manappuram Finance Ltd, VIP Industries Ltd and Jubilant Foodworks Ltd perked in the last one hour of the trade on the back of strong volumes.