The Economic Times Markets Watch Newsletter

	Dated:21 January,2011

Top Headlines Sensex ends lower; IT index down on Wipro Indian markets ended lower on Friday as weak regional markets hurt investor sentiment while institutions kept on selling at every high. Invest in midcap IT stocks: Satish Ramanathan, Sundaram BNP Paribas S Ramanathan, Head Equities, Sundaram BNP Paribas, says commodities could flair up once again on the back of renewed demand from China or US. Oil marketing cos' shares up on weak crude prices Shares of state-run oil marketing companies were trading higher, outperforming the broader markets as international oil prices were lower for the third day in a row. Views on Stocks/Markets Positive on ITC and Hind Lever: Sonam Udasi Analysts' views on Wipro results Markets may remain under pressure for some time: Sashi Krishnan IPO/Global Markets IPO guidelines for life insurers to be ready this fiscal: Irda Oils, banks help European shares bounce back Tata Steel FPO subscription covered 2.21 times Rupee / Gold Rupee ends at 45.6150/6250 Gold hits 2-mth low; unleashes bargin buying Rupee recovers from 7-week lows on broad $ fall More 'Market' News ONGC FPO to come on schedule in March: Oil Secy The government today said the ONGC follow-on public offer (FPO) will come on schedule in March this year. Wipro down 4 pc as Q3 results miss street estimates Wipro plunged over 4% in early trade after the company reported lower-than-expected numbers for the quarter ended December 31, 2010. Global property investments to hit $380 bn in 2011 Global direct real estate investment is forecast to rise 20 percent this year to $380 billion, led by a sharp rebound in the United States.

Market Round-up SENSEX 19007.53 -39.01 NIFTY 5696.50 -15.10 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Lloyds Finance Ltd. 1.75 + 20.69 Shyam Telecom Ltd. 56.35 + 20.02 KDL Biotech Ltd. 9.05 + 19.87 Valecha Engineering Ltd. 125.45 + 18.97 Hanung Toys & Textiles Lt 228.50 + 13.09 NSE Losers Scrip Price(Rs.) %Change Alps Industries Ltd. 4.65 -9.71 Peacock Industries Ltd. 2.85 -9.52 Krishna Engineering Works 3.50 -7.89 Evinix Industries Ltd. 1.85 -7.50 Persistent Systems Ltd. 410.80 -6.62