Sensex & Rupee gain, TCS may hit Rs 1800-2000 levels & More

	Dated:19 July,2013

Sensex gains for the third straight day as TCS zooms Sensex today gained for the third straight day by adding over 21 points to end at new 6-week high on heavy buying in TCS. Indian market better placed than other EMs: Adrian Mowat, JPMorgan "If you look at Indian corporate bond yields, they have actually been drifting lower year to date and the short rates are also lower year to date despite what the RBI did at the beginning of this week." Charting Technicals: TCS looks poised to hit Rs 1800-2000 levels According to analysts, the medium and long-term trend of TCS is visibly bullish. However, pullback in the short term cannot be ruled out. Views on Stocks/Markets RIL shares end higher; hits 6-month high ahead of Q1 earnings Brokerages upgrade TCS target price post stellar results Accumulate Bajaj Auto with a target price of 2096: Mayuresh Joshi IPO/Global Markets World markets cruise European mkt slip Nikkei ends down Rupee / Gold Rupee gains Gold gains by Rs 275 Gold for 2nd week of gains    Market Round-up SENSEX 20149.85 21.44 NIFTY 6029.20 -8.85 S&P500 1,689.37 8.46 NASDAQ 3,611.28 1.28 USD/INR 59.7046 .31 NSE Gainers Scrip Price(Rs.) %Change Todays Writing Instrument 10.65 + 660.71 First Winner Industries L 30.30 + 450.91 Future Market Networks Lt 50.40 + 433.33 Almondz Global Securities 26.90 + 251.63 Murli Industries Ltd. 20.70 + 208.96 NSE Losers Scrip Price(Rs.) %Change Celebrity Fashions Ltd. 2.50 -67.74 Bodhtree Consulting Ltd. 16.25 -52.90 IMP Powers Ltd. 26.50 -30.08 Sambhaav Media Ltd. 1.05 -30.00 Motor & General Finance L 43.30 -27.77     More 'Market' News Rating outlook on India remains stable: Moody’s Investors Service "There is not a single economy that we can say with any certainty will have a very smooth path over the next year or so and India is among those economies." RBI measures have failed to stop downward pressure on rupee: Rajwade The fact is that whatever measures the central bank has taken have not worked in terms of stopping the downward pressure on the rupee. Gas price hike extremely positive for upstream companies: ONGC Nearly 90% of this gas is coming from APM field and this APM gas is coming from oilfields and all this is going to dwindle as the time passes.