The Economic Times Markets Watch Newsletter

	Dated:27 January,2011

Top Headlines Sensex tanks by 285 points, closes at 18-week low; banks fall Financials led the decline weighed down by expectations for another rate increase in the next two months after the RBI raised rates on Tuesday. 'Markets to be flat, no double digit to high single digit returns in 2011' Manish Kumar of ICICI Pru Life, says that western economies are doing better and therefore, the flows will not be as high as last year. Budget month may not be rewarding for investors Stock analysts see a range-bound trade during next month and are unsure if February will retain its shine this year. Views on Stocks/Markets Buying infra pack at current levels & even lower: Karvy Stock Broking Long-term traders should hold on to ICICI Bank: Technical Trends 10-15% upside seen in Kale Consultants medium-term: Sharekhan IPO/Global Markets Power Fin FPO may come in Apr IPOs, rights issues down European shares edge up Rupee / Gold Gold, silver surge on global cues Rupee rises tracking euro Gold physical buying slows More 'Market' News M&M slips 4 pc on reports of Goldman downgrading stock Utility vehicle maker Mahindra & Mahindra dropped nearly 4 pc on the bourses, amid reports that Goldman Sachs downgraded the stock to sell from buy. Atlas Copco's delisting price set at Rs 2,250 Atlas Copco India said its parent firm has decided to buy back its shares at Rs 2,250 per piece and delist the company from BSE and Pune Stock Exchange. R Systems acquires UK based co; stock up R Systems International has acquired Computaris International, a UK based software company, for GBP 9 million.

Market Round-up SENSEX 18684.43 -285.02 NIFTY 5604.30 -83.10 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Dalmia Bharat Enterprises 220.45 + 10922.50 Khaitan (India) Ltd. 40.70 + 15.13 Shyam Telecom Ltd. 59.45 + 14.66 Shreyans Industries Ltd. 29.80 + 12.03 Visesh Infotecnics Ltd. 8.50 + 10.39 NSE Losers Scrip Price(Rs.) %Change Harita Seating Systems Lt 79.15 -13.50 Ruchi Infrastructure Ltd. 17.70 -12.81 Talwalkars Better Value F 211.85 -12.62 Blue Star Infotech Ltd. 111.80 -12.00 SREI Infrastructure Finan 89.45 -11.22