The Economic Times Markets Watch Newsletter

	Dated:02 February,2011

Top Headlines Sensex ends with modest gains; RIL, TCS support Benchmarks gave away most of intraday gains in the last half an hour of trade as traders took home some profits at higher levels. Equity funds record worst monthly fall in over 2 years Diversified stock funds mirrored losses in benchmark index in Jan with unit values recording their worst monthly performance since Oct 2008. Fall in share prices triggers buyback rush among India Inc Nearly a dozen companies expected to spend Rs 3,300 crore on share buyback and most of these offers are made at an attractive premium. Views on Stocks/Markets Hero Honda shares reverse gains on weak earnings Ruchi Soya, KS Oil up as palm oil prices soar Bharti Airtel: Experts' recommendations on the stock IPO/Global Markets World shares up on US earnings European shares extend gains Embassy's IPO may be delayed Rupee / Gold Gold falls to Rs 20,250/10 gm Re off highs but firm on stocks Gold dips on data, earnings More 'Market' News MF industry can achieve $ 1tn AUM in 5 years: SEBI In the last few years, Sebi's policy vis-a-vis the MF ind has focused on ensuring greater investor focus, addressing systemic risks and development of the mkt. FIs sell call options as they see weakness ahead of Budget Investors fear that inflation may not mellow soon, because of rising oil prices, triggered by concerns that the unrest in Egypt would spread to the Middle East. UK investor buys 26% in Destimoney for Rs 21 cr Post-deal, new silk route's stakeholding to fall to 49% in mumbai-based financial services firm.

Market Round-up SENSEX 18090.62 68.40 NIFTY 5432.00 14.80 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Saksoft Ltd. 64.65 + 20.06 Burnpur Cement Ltd. 9.85 + 17.96 Euro Ceramics Ltd. 31.50 + 13.72 Astra Microwave Products 47.70 + 11.71 JHS Svendgaard Laboratori 92.85 + 10.01 NSE Losers Scrip Price(Rs.) %Change Shalimar Paints Ltd. 264.20 -13.60 Evinix Industries Ltd. 1.50 -11.76 Gemini Communication Ltd. 19.45 -9.95 Oswal Chemicals & Fertili 34.40 -9.83 Pioneer Distilleries Ltd. 84.45 -9.78