Nifty hits 6-month high; banks, metals, auto, realty gain

	Dated:09 February,2012

Nifty hits 6-month high; banks, metals, auto, realty gain The 50-share NSE index ended up 0.82% at 5,412.35. In the broader market, gainers led losers by about 2.1:1 on volume of around 986.2 mn shares. Expect rupee near 49 vs dollar for next few weeks: Paul Mackel, HSBC Regulatory changes helped stabilise sentiment in the currency because the risk was at least towards in the last year, says Paul Mackel, HSBC. Market to trade between 15K-20K level this year: Raamdeo Agrawal Global liquidity is flowing towards EMs and this trend will continue for next 12 months, says Raamdeo Agrawal, Joint MD, Motilal Oswal. Market Round-up SENSEX 17830.75 123.43 NIFTY 5412.35 44.20 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Golden Tobacco Ltd. 41.85 + 19.91 Vaibhav Gems Ltd. 43.70 + 19.89 Wanbury Ltd. 32.55 + 19.89 Brooks Laboratories Ltd. 17.90 + 19.73 Zenith Birla (India) Ltd. 5.55 + 19.35 NSE Losers Scrip Price(Rs.) %Change Uniply Industries Ltd 8.95 -9.60 Venky's (India) Ltd. 431.25 -8.89 Entegra Ltd. 11.80 -8.53 Sakuma Exports Ltd. 13.65 -8.39 Page Industries Ltd. 2,670.05 -7.53 Views on Stocks/Markets Continue to buy on dips in markets: CK Narayan Sell ONGC with target of 273-269: Rajat Bose Base metals showing signs of strength: Vijay Bhambwani IPO/Global Markets Asia stocks mixed on Greek fears HK shares flat, China weak Usher Agro plans IPO Rupee / Gold Re at lowest level in over a wk Gold down by Rs 40, silver by Rs 800 Gold traders defer buying More 'Market' News Sensex may touch 19500-20000 levels by 2012 end: RBS Second half of this year will be better than first half and by year end Sensex may touch 19500 to 20000 levels, says Devesh Kumar of RBS. Current rally has all the hallmarks of a bull market: HDFC Sec After a 15% to 17% rise in markets, caution is mandatory and if the banking sector rises more than 30%, some caution is mandatory. Greek debt deal will provide only short term relief: JP Morgan Chase In an Interview with ET NOW, James E Glassman, MD, JP Morgan Chase & Co and Head Economist, Commercial Bank, discusses US and European market scenario.