The Economic Times Markets Watch Newsletter

	Dated:28 January,2011

Top Headlines Sensex ends down by 1.4%; realty, auto fall Markets ended in deep red as profit booking by FIIs and inflation worries along with weak European markets spooked sentiments. Sensex will lose 15% in 4 mths as costs hit mkt: Birla Sun Life Sensex, Asia's worst performer this year, may drop a further 15% in four months as rising costs trim earnings and prompt higher interest rates. ONGC board approves stock-split, bonus issue State-run Oil & Natural Gas Corporation today said that the company's board has approved the stock split and issuance of bonus shares in the ratio of 1:1. Views on Stocks/Markets Good time to acquire Reliance: Sudarshan Sukhani Infrastructure companies going to benefit: Gul Tekchandani Keep Cadila Healthcare in your portfolio: Deepak Mohoni IPO/Global Markets World stocks down European shares fall Asian stocks extend drops Rupee / Gold Gold up from 4-month lows Rupee hovers near day's low Gold futures tumble on global cues More 'Market' News JSW Steel hits 52-week low on weak earnings Shares of JSW Steel fell more than 5 percent to a 52-week low as institutions were unwinding positions after the company reported weak financial results for the December quarter. Investors turn cynics, rollover dips to 67% Traders rolled over fewer Nifty futures bets to the February series on expiration of January contracts compared with the past three months. Dolphin Offshore hits year low on weak earnings Shares of Dolphin Offshore fell more than 6 percent to hit a 52-week low after the company reported a 76 percent drop in its December quarter net profit, two dealers said.

Market Round-up SENSEX 18395.97 -288.46 NIFTY 5512.15 -92.15 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Summit Securities Ltd. 192.25 + 1822.50 Talwalkars Better Value F 232.80 + 9.89 Surana Industries Ltd. 275.00 + 7.00 Bell Ceramics Ltd. 21.50 + 6.17 Genus Power Infrastructur 18.15 + 5.83 NSE Losers Scrip Price(Rs.) %Change AML Steel Ltd. 23.05 -14.63 Nelcast Ltd. 86.55 -14.22 Logix Microsystems Ltd. 20.60 -12.90 Blue Star Ltd. 346.00 -12.86 Shreyans Industries Ltd. 26.05 -12.58