The Economic Times Markets Watch Newsletter

	Dated:25 January,2011

Top Headlines RBI policy: Repo, reverse repo rates hiked by 25 bps In a bid to tame prices , RBI on Tuesday hiked its short-term lending and borrowing rates by 25 basis points. Sensex ends 180 points lower; HUL, ICICI, M&M down Rate sensitive sectors like banks and realty were under pressure after RBI raised repo rate and reverse repo rate by 25 basis points. Gold premiums jump over 2-year high; outlook firm Premiums for gold bars in India revisited their highest level in over two years on Tuesday, to $2 an ounce above London prices. Views on Stocks/Markets 'Avoiding risk may be the best strategy in 2011' M&M leading the way in autos: Deepak Mohoni SBI has bottomed out: Technical Trends IPO/Global Markets World stocks mixed before Fed meet European shares fall on UK Asian stocks rise, banks in focus Rupee / Gold Rupee trims rise tracking shares Dollar below euro after 2-mnth low Gold hits 10-week low More 'Market' News IMF sees 'hot spots' in Indian equities markets Suggesting that some hot spots appear to be emerging in the equities mkts in including India, IMF said global financial stability is still not assured. FIs hope to bag decent profits in Budget run-up Long strangle, which is a simultaneous purchase of a call option with a higher strike price and a put option with a lower strike, is becoming a favourite. Sensex may return 10% as it touches 21K: DB Deutsche Bank has named Cairn India, Sterlite, SAIL, Infosys, TCS, Tata Motors, ITC, Asian Paints, Bharti and M&M as its top 'buys'.

Market Round-up SENSEX 18969.45 -181.83 NIFTY 5687.40 -55.85 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Camlin Ltd. 61.15 + 19.20 Atlas Cycles (Haryana) Lt 247.85 + 16.77 C Mahendra Exports Ltd. 133.40 + 16.76 Madras Fertilizers Ltd. 23.20 + 15.42 Sambhaav Media Ltd. 2.60 + 13.04 NSE Losers Scrip Price(Rs.) %Change Nelcast Ltd. 109.20 -15.94 Pudumjee Industries Ltd. 19.55 -10.32 AML Steel Ltd. 26.70 -8.87 Jain Studios Ltd. 8.85 -8.29 Shreyans Industries Ltd. 26.60 -8.28