Sensex sheds 0.4 per cent; banks, techs rise

	Dated:13 October,2011

Sensex sheds 0.4 per cent; banks, techs rise Indian shares dropped 0.4 percent in choppy trading on Thursday as worries about slowing economic growth and sluggish consumer spending. PSU banks seem to be a good pick at current valuations: Rajiv Mehta The IIP numbers have reduced the chances of raising rates and PSU banks are looking attractive, says Rajiv Mehta, Research Analyst, India Infoline. Best opportunity for PE firms to make investment in cos: Vikas Khemani In an interview with ET Now, Vikas Khemani, President and Head-Institutional Equities, Edelweiss Securities, talks about the market and private equity. Excerpts: Market Round-up SENSEX 16883.92 -74.47 NIFTY 5077.85 -21.55 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Wire & Wireless (India) L 8.55 + 20.42 Sharyans Resources Ltd. 62.05 + 17.74 Rama Newsprint and Papers 14.65 + 16.73 Venky's (India) Ltd. 471.45 + 14.22 Welspun Projects Ltd. 40.00 + 12.52 NSE Losers Scrip Price(Rs.) %Change J D Orgochem Ltd. 3.90 -27.78 Nu Tek India Ltd. 2.70 -18.18 Zenith Infotech Ltd. 90.90 -10.00 Crest Animation Studios L 42.30 -9.90 Camlin Ltd. 45.55 -8.26 Views on Stocks/Markets Buy United Breweries on dips: Mitesh Thacker Enter Maruti stock after labour issue solved: P Phani Sekhar 1160-1170 is the level to watch out for an UltraTech: Mitesh Thacker IPO/Global Markets European shares fall China shares up Asia shares rise Rupee / Gold Rupee falls back Gold falls to Rs 27010 Gold steady More 'Market' News Suzlon Rs 890 cr stake sale in Hansen Transmissions concluded Suzlon Energy today informed the BSE that it has completed the sale of its entire shareholding in Hansen Transmissions. Steel stocks tread lower as Worldsteel cuts demand f'cast Shares of steel makers were trading lower after media reports the World Steel Association has cut growth forecast for India's consumption. Force India: UB Group shares rally on stake sale in Force India Shares of UB Group cos such as United Breweries, Kingfisher Airlines, United Breweries Holdings and McDowell Holdings rallied by up to 10%.