The Economic Times Markets Watch Newsletter

	Dated:19 January,2011

Top Headlines Sensex ends below 19000; tech, oil&gas decline Benchmarks ended near psychological support levels after paring some of the intraday losses while broader markets shed gains to close modestly higher. LIC Housing Finance gains over 11 pc ahead of Q3 earnings LIC Housing Finance today zoomed over 11% on the BSE, in hopes of smart third quarter earnings to be reported later in the day. Tata Steel FPO subscribed 8% till noon on first day of offer The follow-on public offer (FPO) of Tata Steel got subscribed eight per cent till noon on the first day of issue today. Views on Stocks/Markets Tata Steel FPO: What the experts recommend Expect HCL Tech to continue its outperformance: P Phani Sekhar ITC is a good steady mover: Ashwani Gujral IPO/Global Markets Indian Bank FPO likely in June-July European shares slip from 28-mth high; banks fall World stocks hit near 2-1/2-yr high; dollar falls Rupee / Gold Rupee a tad down, dollar inflows disappoint Gold, silver remains up on firm global cues, seasonal demand Gold futures up on global cues More 'Market' News HCC shares pare yesterday's losses, gain 6 pc on BSE Erasing its last session's losses, shares of Hindustan Construction Company (HCC) advanced by nearly six per cent on the Bombay Stock Exchange. Metal cos' shares higher; SAIL up 5 pc Shares of metal manufacturers were trading higher on fund-buying as international metal prices hit a record high lifted by a fall in the dollar and positive U.S. earnings expectations, three analysts said. Q3 Earnings: HCL Tech, Bajaj Auto, Orchid

Market Round-up SENSEX 18978.32 -113.73 NIFTY 5691.05 -33.00 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Krishna Engineering Works 3.15 + 21.15 Bhagyanagar India Ltd. 21.75 + 19.83 Tata Coffee Ltd. 675.20 + 16.21 Zee Learn Ltd. 26.80 + 12.61 Hind Syntex Ltd. 4.30 + 10.26 NSE Losers Scrip Price(Rs.) %Change SE Investments Ltd. 20.40 -9.53 D B Realty Ltd. 170.35 -7.22 Transwarranty Finance Ltd 19.90 -6.79 Eurotex Industries & Expo 27.10 -6.55 Hotel Rugby Ltd. 11.15 -6.30