Rupee sinks to near 63 on QE cut and other ET stories

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	Dated:30 January,2014

Top Headlines Global cues or elections, what will weigh more on markets? Investors are worried whether Indian market will be immune to the turmoil in the emerging markets and rally on hope of a BJP victory. Rupee sinks to near 63 on QE cut: Headed for 65, say experts "I certainly am hoping that we do not see 68 or 69; but the rupee could go to 64-65", says Adrian Mowat, Chief EM & Asian Equity Strategist, JPMorgan. US cuts QE to $65 billion: Why D-Street shouldn't even bother Jim Walker, Founder & MD, Asianomics, said, "fundamentals in emerging markets pretty positive. So, this is a buying opportunity." Views on Stocks/Markets Indian markets likely to outperform China, other EMs, says analysts India far better placed fundamentally vs other EMs: Nirmal Jain Time to be bullish on emerging market equities: JPMorgan IPO/Global Markets Asian shares dive Nikkei tumbles to 2-1/2-mth low Tokyo stocks end 2.45% lower Rupee / Gold Re retreats from session lows Gold rebounds on global cues 'Sentiment turns bearish on Re' More 'Market' News D-Street story: How bulls fought back $20 billion QE cut concerns The Indian stock market went into a panic mode in early trading on QE tapering concerns, but the losses were contained at about 280 points. US Fed tapers, Street cautious; what stocks, sectors to bet on Indian markets might go through bouts of volatility in the short term; but then long-term investors can start accumulating quality names. Lanco Infra to sell Budhil Hydro Power to Greenko: Report Lanco Infratech is close to selling it’s Budhil Hydro Power Project to Greenko, sources with direct knowledge said.	Market Round-up SENSEX 20498.25 -149.05 NIFTY 6073.70 -46.55 S&P500 1,774.20 -18.30 NASDAQ 4,051.43 -46.53 USD/INR 62.5842 -.36 USD/INR 62.5842 -.36 NSE Gainers Scrip Price(Rs.) %Change Jindal Cotex Ltd. 14.50 + 19.83 Visa Steel Ltd. 17.15 + 8.89 India Cements Ltd. 51.40 + 8.21 Crompton Greaves Ltd. 110.25 + 7.72 Burnpur Cement Ltd. 9.15 + 7.65 NSE Losers Scrip Price(Rs.) %Change Balaji Amines Ltd. 38.90 -19.71 Monnet Ispat & Energy Ltd 99.95 -14.90 Inox Leisure Ltd. 84.30 -14.11 Dishman Pharmaceuticals & 78.15 -11.04 Bank of India 185.90 -10.73

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