The Economic Times Markets Watch Newsletter

	Dated:01 February,2011

Top Headlines Sensex drops to 5-month low, Reliance Industries falls Sensex fell 1.7% on Tuesday to its lowest close since August as inflation worries and hardening interest rates continued to spook investors. Market not to see sustained downtrend: Sukumar Rajah Sukumar Rajah of Franklin Templeton, says net flows into emerging markets would continue to be positive and that would be the case for India too. Markets closely watching govt policy action: Rahul Chadha, Mirae Asset In an interview with ET Now, Rahul Chadha, Head of Indian Equities, Mirae Asset Global Investments, talks about the market and fund flows. Views on Stocks/Markets Reliance Ind can fall further by Rs 100: Sudarshan Sukhani Tata Steel, Hindalco to do well this year: Prashasta Seth Sell Wipro, stop loss Rs 405: Ashwani Gujral IPO/Global Markets 'Parag Milk plans Rs 4-5 bn IPO' China stocks at 2-week high European shares gain Rupee / Gold Gold futures rise on global cues Rupee trades strong Gold traders await price falls More 'Market' News Nifty likely to get strong support at 5420 level The Nifty started the week on a gap-down opening on Monday at 5,452. It saw a partial recovery during the day Delta Corp plunges as Goa govt orders casinos closure Shares of Delta Corp were under pressure after the Goa government ordered to shut down two of its offshore casinos. Time to buy but only selective stocks: Deven Choksey You may find some amount of follow up buying happening in stocks like L&T which has all the fundamental merits but got corrected on the valuation.

Market Round-up SENSEX 18022.22 -305.54 NIFTY 5417.20 -88.70 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Ruchi Infrastructure Ltd. 22.15 + 15.67 NCL Industries Ltd. 29.45 + 10.71 Polar Industries Ltd. 5.20 + 8.33 SPL Industries Ltd. 6.50 + 8.33 Nelcast Ltd. 88.50 + 6.37 NSE Losers Scrip Price(Rs.) %Change Jain Irrigation Systems L 156.95 -17.93 Surana Industries Ltd. 258.65 -12.72 Malwa Cotton Spinning Mil 40.55 -10.49 Unitech Ltd. 43.05 -10.41 Remsons Industries Ltd. 22.45 -10.02