Sensex ends above 17,000; IT, banks, metals advance

Sensex ends above 17,000; IT, banks, metals advance
	Dated:20 September,2011

Top Headlines Sensex ends above 17,000; IT, banks, metals advance Shares of technology stocks gained momentum as the Indian rupee continued to slip lower. The rupee declined to two-year low. Opportunities galore in market, time to nibble into stocks Investors who have a long-term horizon can start nibbling in this mkt in stock-specific opportunities. This approach can yield huge dividends. World stocks recover from Standard & Poor's Italy's downgrade hit Negative reaction to Standard & Poor's downgrading of Italian debt was short-lived on financial markets on Tuesday Market Round-up SENSEX 17099.28 353.93 NIFTY 5140.20 108.25 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Alembic Pharmaceuticals L 45.60 + 2180.00 Kale Consultants Ltd. 86.40 + 20.00 Patel Integrated Logistic 39.25 + 19.85 Pitti Laminations Ltd. 51.10 + 19.11 Bhagwati Banquets & Hotel 88.60 + 18.29 NSE Losers Scrip Price(Rs.) %Change Cummins India Ltd. 426.45 -29.73 India Nippon Electricals 189.35 -29.64 Krishna Engineering Works 3.65 -13.10 Allsec Technologies Ltd. 14.15 -10.73 Kesar Terminals & Infrast 71.25 -7.95 Views on Stocks/Markets Mahindra & Mahindra is best stock to buy in auto: Mitesh Thacker IT stocks to enjoy good trading momentum in next few days: Mitesh Thacker Look to book profits at the higher end rather than chasing markets: C K Narayan IPO/Global Markets World stocks recover European shares gain Hong Kong shares up 0.5% Rupee / Gold Rupee off 2 year low Gold down by Rs 310 Gold loses luster More 'Market' News Brokerages remain 'Neutral' on Fortis Healthcare Fortis announcement to acquire Fortis Int. has come as a surprise and puzzled shareholders by the apparent change in the strategy Goldman Sachs upgrades Cairn India to 'buy' Goldman Sachs has upgraded Cairn India Ltd to "buy" from "neutral" and revised its NAV-based target price to Rs 360 ONGC, Oil India slip on subsidy sharing formula The finance ministry wants upstream oil and gas producers like ONGC to meet one-third of the Rs 1,70,140 crore revenue loss that was projected prior to the June fuel price hike.