Sensex plunges 246 pts and other ET stories

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	Dated:12 December,2013

Top Headlines Sensex will hit 24,000 in 2014; or is it just a hype? Will 2014 be any different? Most analysts see benchmark indices hitting new highs; but near-term headwinds could bring a pause in the rally. Tata Motors dips 5%; top loser on Sensex; use dips to buy, say analysts Tata Motors extended intraday losses and closed 4.88 pc lower at Rs 360.60 The stock hit a low of Rs 359.35 and a high of Rs 377 in trade today. Sensex ends below 21,000; plunges 246 points Profit-booking continued for the third day in a row as investors continued to churn portfolios after equity barometers hit record highs recently, brokers said. Views on Stocks/Markets Stocks seen rising over 13 pc; Sensex to reach 24,000 by 2014: Poll Continue to like IT space, Infosys and TCS our top picks: Mehraboon Irani Use current dip to buy into Tata Motors: Satish Ramanathan IPO/Global Markets China mkt to have a good 2014: Poll Hong Kong shares hit 4-wk low Nikkei falls to 1-week low Rupee / Gold Re weakens for 2nd day Gold falls on profit-selling 'Re to range between 60.5-62' More 'Market' News No direction! D-Street looks for cues, US keeps it on egde The general consensus was that the tapering would start only in March 2014. This is seen as a big factor adding pressure. Jefferies sees opportunity in banking stocks, raises price targets There are opportunities in banking stocks as the Reserve Bank of India "has returned to normal monetary policy", says Jefferies. Market in a consolidation mode currently: Nipun Mehta There have been concerns on domestic volumes which are not showing really any traction at all.	Market Round-up SENSEX 20925.61 -245.80 NIFTY 6237.05 -70.85 S&P500 1,682.32 10.61 NASDAQ 3,726.90 20.72 USD/INR 61.2448 .25 USD/INR 61.2448 .25 NSE Gainers Scrip Price(Rs.) %Change HBL Power Systems Ltd. 12.50 + 18.48 Jindal Photo Ltd. 134.35 + 9.81 Shekhawati Poly Yarn Ltd. 1.75 + 9.38 Gujarat Apollo Industries 103.70 + 8.42 Coromandel International 248.75 + 7.78 NSE Losers Scrip Price(Rs.) %Change Lokesh Machines Ltd. 20.80 -10.54 Star Ferro and Cement Ltd 19.85 -9.15 Visa Steel Ltd. 15.10 -8.76 Ankit Metal & Power Ltd. 10.55 -7.46 JVL Agro Industries Ltd. 10.85 -6.06

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