Sensex falls for 4th straight day as lenders drag

	Dated:05 October,2011

Sensex falls for 4th straight day as lenders drag The BSE Sensex fell for a fourth straight session on Wednesday, dropping 0.5 percent to its lowest close in nearly 20 months. Present slowdown in India is necessary: Leif Eskesen, HSBC Leif Eskesen, Chief Economist-India, HSBC, in an interview with ET Now, talks about the HSBC Sevices PMI. Excerpts:- We have retained a neutral rating on SBI: Daiwa Securities Punit Srivastava, ED-Banking & Finance, Daiwa Securities, in an interview with ET Now, speaks about Moody's downgrade of SBI. Excerpts:- Market Round-up SENSEX 15792.41 -72.45 NIFTY 4751.30 -20.85 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Gallantt Metal Ltd. 23.85 + 13.57 STL Global Ltd. 4.25 + 11.84 Jain Studios Ltd. 8.15 + 10.14 Landmark Property Develop 2.85 + 9.62 Indian Terrain Fashions L 105.50 + 8.71 NSE Losers Scrip Price(Rs.) %Change Monsanto India Ltd. 827.95 -51.45 Carborundum Universal Ltd 145.25 -49.91 J D Orgochem Ltd. 3.90 -27.78 Prakash Constrowell Ltd. 184.00 -20.00 Vinyl Chemicals (I) Ltd. 8.60 -10.88 Views on Stocks/Markets Wait and watch for JP Associates: Ashwani Gujral Educomp is on correction post decline: Mitesh Thacker Not a good time to get into banks: Swati Kulkarni IPO/Global Markets Tara Jewels to launch IPO IMF comments lift euro Italy brushes off downgrade Rupee / Gold Rupee up; fears of euro zone ease Silver coins log biggest single day fall Gold drops lifts spot demand More 'Market' News Punj Lloyd up on Qatar polysilicone plant order win Shares of Punj Lloyd rose after the company said it has inked pact with Qatar Solar Technologies for Qatar's first polysilicon plant. Rolta India falls after promoter entity pledges 92.5 pct of holding Rolta India shares fell after the company said one of its promoter entities, Rolta Shares and Stocks Pvt. Ltd, has pledged 92.5 percent of its holding. ICICI Sec sees Tech Mahindra's margins under pressure ICICI Securities has reclassified Tech Mahindra to 'ADD' from 'HOLD' with a revised target of 620 rupees from 730 rupees.