Sensex ends above 16700; banks, power, oil & gas up

	Dated:20 January,2012

Sensex ends above 16700; banks, power, oil & gas up Banks, power and oil & gas stocks led the up move while FMCG and metals stocks led the losers pack. Nifty heading towards crucial level of 5200: Analysts The 50-share Nifty index has started the year on a strong note and has gained over 9% so far in 2012 on the back of positive global cues from US & Europe. Reliance approves $2.1 bn buyback at Rs 870 per share Reliance Industries said it will buy back up to 120 million equity shares from the open market at a maximum price of Rs 870 each. Market Round-up SENSEX 16739.01 95.27 NIFTY 5048.60 30.20 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Times Guaranty Ltd. 37.10 + 57.20 Jindal Worldwide Ltd. 107.20 + 18.78 Filatex India Ltd. 34.95 + 17.68 Karur KCP Packkagings Ltd 25.50 + 16.97 JMT Auto Ltd. 61.60 + 15.79 NSE Losers Scrip Price(Rs.) %Change Koutons Retail India Ltd. 17.15 -11.60 Refex Refrigerants Ltd. 7.85 -9.77 Asian Granito India Ltd. 39.70 -8.84 Euro Ceramics Ltd. 10.50 -8.70 Balaji Telefilms Ltd. 38.40 -8.24 Views on Stocks/Markets Morgan Stanley sees 14% upside to Sensex in 2012 'TCS, Infy represent the best long-term opportunity in IT space' 'Mid-cap stocks to give 5-6% more returns than large-caps in '12' IPO/Global Markets Nikkei ends at 11-week high European shares snap 4 day rally Wall St edges lower on GE, Google results Rupee / Gold Rupee closes down by 6 paise vs dollar Gold loses Rs 100 on global cues, silver gains Rs 50 India's forex reserves fall to $292.525 bn More 'Market' News Wipro Q3 net up, Q4 guidance better than Infy "Spring time is largely over for IT services sector and all the three large companies that have declared results missed my expectations," says Hitesh. Analyst view: Reliance Q3 results below expectations Stock market is witnessing a slew of delisting offers, a trend being attributed by experts to an opportunity for the promoters to buy out at low valuations. Tata Sons buys shares worth Rs 713 c in Tata Steel The Oil Ministry has suggested key changes in the natural gas allocation policy in the view of sharp drop in output from RIL's eastern offshore KG-D6 block.