Sensex plunges 211 points to 7-month low; Nifty ends below 5,500

	Dated:09 April,2013

Top Headlines Sensex plunges 211 points to 7-month low; Nifty ends below 5,500 Erasing initial gains, the 30-stock index fell for the 5th straight session by losing 211.30 points, or 1.15% to 18,226.48, its lowest level since Sept 13, 2012. Wipro slumps 12%; m-cap down by Rs 11,882 crore Led by the steep decline in the share price, the market capitalisation of Wipro slipped by Rs 11,882 crore to Rs 98,551 crore. FIIs' focus to Japan root cause of Indian market decline: Religare This year the other darling of global markets has been Japan.The Indian market could easily go down another 10% from where we are now. Views on Stocks/Markets Top six short-term trading picks in pull-back rally Hot Stock: Edelweiss sees 40 per cent upside in Sobha Developers ​Bullish on L&T & Cummins in capital goods space: Quant Broking IPO/Global Markets FTSE to benefit from weaker pound: BNP Nikkei ends flat after hitting near 5-yr high Hong Kong, China stocks close higher Rupee / Gold Rupee weakens Gold tumbles by Rs 190 Jewellers look for bargains More 'Market' News Wipro restructuring a step in the right direction, say analysts “De-mergers create shareholder value because they give people the choice to invest in one company or the other,” says Prashasta Seth of IIFL. Morgan Stanley sees 30% upside in RCom post Rs 1200 cr deal The investment bank has raised the stock’s target price from Rs 56 to Rs 86, an upside of 30 per cent from the current market price. Dewan Housing's PE arm ArthVeda Fund launches infra debt fund The fund will offer working capital and mobilization capital for a period between 18 and 24 months, and expects to generate returns of over 25%.	Market Round-up SENSEX 18226.48 -211.30 NIFTY 5495.10 -47.85 S&P500 1,563.07 9.79 NASDAQ 3,222.25 18.39 USD/INR 54.7194 -.15 NSE Gainers Scrip Price(Rs.) %Change Impex Ferro Tech Ltd. 3.80 + 13.43 Radaan Mediaworks (I) Ltd 1.55 + 10.71 SAL Steel Ltd. 2.70 + 10.20 KSS Ltd. 10.05 + 9.84 V-Guard Industries Ltd. 497.50 + 9.44 NSE Losers Scrip Price(Rs.) %Change LGB Forge Ltd. 1.30 -13.33 Wipro Ltd. 393.70 -12.28 TVS Motor Company Ltd. 35.10 -11.70 Rain Commodities Ltd. 45.00 -10.00 Surana Industries Ltd. 96.90 -9.78