Sensex ends in red; tech, oil&gas, FMCG down

	Dated:11 October,2011

Sensex ends in red; tech, oil&gas, FMCG down The 30-share BSE Sensex pared intraday gains and closed in the negative territory as bulls took a breather after a sharp rally in past few sessions. SBI plans to raise Rs 5,000 crore from rights issue by March SBI had given a proposal for Rs 20,000 crore rights issue a few months ago and it is being examined by the government. Indian markets will recover sooner than most analysts expect: Nirmal Jain, IIFL Global factors may cause jitters, but owing to fundamental strength, markets will recover sooner than most analysts expect, says Nirmal Jain, IIFL. Market Round-up SENSEX 16536.47 -20.76 NIFTY 4974.35 -5.25 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change OM Metals Infraprojects L 29.25 + 20.12 Commercial Engineers & Bo 36.80 + 20.07 Gravita India Ltd. 442.20 + 19.43 Career Point Ltd. 278.70 + 12.06 ITI Ltd. 23.70 + 11.79 NSE Losers Scrip Price(Rs.) %Change J D Orgochem Ltd. 3.90 -27.78 Zenith Infotech Ltd. 112.20 -20.00 Electrotherm (India) Ltd. 137.50 -13.49 Nucent Estates Ltd. 2.05 -10.87 STL Global Ltd. 3.75 -10.71 Views on Stocks/Markets Idea is good stock to look in to: Ashwani Gujral Buy Bombay Dyeing with target of 420: CK Narayan Private sector banks look intersting: Mitesh Thacker IPO/Global Markets World stocks mixed European stocks dip Asian shares rise Rupee / Gold Rupee posts fall Gold rises by Rs 195 Gold extends gains More 'Market' News Bharti Airtel, Idea Cellular rise 4% post draft telecom policy Shares on Bharti Airtel and Idea Cellular Ltd rose over 4% in early trade after the telecom minister unveiled the draft telecom policy 2011. Infosys futures down on fresh short, profit taking Infosys October futures fall over 2.4 percent on profit taking and fresh short positions being witnessed in futures and options ahead of its second quarter earnings, due on Wednesday. Dhanlaxmi Bank management dismisses AIBOC charges: Report Shares of Dhanlaxmi Bank Ltd tanked over 20% in trade on Tuesday to touch their 52-week low of Rs 54.40 after AIBOC raised red flag over operations of Dhanlaxmi Bank.