The Economic Times Markets Watch Newsletter

	Dated:31 January,2011

Top Headlines Sensex ends above 18300; capital goods, power up Benchmarks pulled back sharply, aided by short coverings, in the last half and hour of trade and ended modestly lower. Are there really no buyers in the stock market? What people actually mean by there being no buyers is that sellers are unable to find buyers at prices they'd want and that prices are led by sellers 7 buyers. FII stocks, bond investments at Rs 79,000 cr in 2011 so far Overseas investors have been gross sellers of equities worth Rs 4,220.80 cr in 2011, but were bullish about debt mkt, making a net investment of Rs 10,730.40 cr. Views on Stocks/Markets Buy blue chips like Maruti: Rajat Bose Jain Irrigation plunges over 10% on weak results What to buy now amongst large-caps IPO/Global Markets FTSE down 1 per cent Egypt to impact world markets Nikkei hits 1-month closing low Rupee / Gold Gold eases on Egypt report Rupee hovers near 2-month low Gold recovers from 13-wk low More 'Market' News Markets to correct more: Barclays Wealth Manpreet Gill, Asia Strategist, Barclays Wealth, analyses the factors playing up the volatility in India & emerging markets. What should RPower's millions of investors do Oversubscription of 73%, prospects of 100% listing gains...the hype over Reliance Power IPO drew in a record number of investors, only to book losses. Auto, cement sectors to reflect rate hike impact A lot of small- and mid-cap stocks have dipped more than 50% from their peaks and even at these low levels there is no buying support.

Market Round-up SENSEX 18327.76 -68.21 NIFTY 5505.90 -6.25 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change C Mahendra Exports Ltd. 160.30 + 18.65 Shrenuj & Company Ltd. 46.00 + 17.35 Sandesh Ltd. 299.85 + 17.31 Siemens Ltd. 853.95 + 17.30 R S Software (India) Ltd. 43.45 + 12.86 NSE Losers Scrip Price(Rs.) %Change Keynote Corporate Service 56.30 -20.93 Bell Ceramics Ltd. 19.00 -11.63 Simplex Projects Ltd. 190.10 -11.42 Jain Irrigation Systems L 191.25 -10.96 Transwarranty Finance Ltd 17.60 -9.97