The Economic Times Markets Watch Newsletter

	Dated:03 February,2011

Top Headlines Nifty ends above 5525; DLF, JP Asso, Bharti gain Equities ended in the positive terrain for second straight session on Thursday as investors bought stocks near crucial support levels. 'Recent correction should bring back foreign investors to India' 12% correction in market has done good for investors, who are wanting to bet on Indian cos, said Bill Barbour of Deutsche Asset Management Egypt turmoil may hit Indian oil companies as crude prices soar Some technical analysts say that Brent crude oil can touch $110 per barrel in four weeks and soar to $125 later in the year. Views on Stocks/Markets State-run oil retailers down as crude surges Base metal cos' shares up; Hindalco up 4 pc Wockhardt hits upper limit on Q3 results IPO/Global Markets Jindal Poly eyes $200 mn IPO European shares edge lower Nikkei edges lower after rally Rupee / Gold Gold at 1-week low Rupee steady Gold prices drop on optimism More 'Market' News All infra stocks will come down to Rs 40-50: Ashwani Gujral Once a sector is in a bear market, it really continues to go lower till the value left is basically the tables and chairs. Pick stocks where business is doing well: Ambareesh Baliga ET Now spoke to Ambareesh Baliga, VP, Karvy Stock Broking Ltd., on his view on the beaten down stocks. Nifty decline may continue till 5200-5300 level The Indian VIX, which is currently at 23.52, indicates the market will continue to be volatile in the short term.

Market Round-up SENSEX 18449.31 358.69 NIFTY 5526.75 94.75 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Birla Power Solutions Ltd 1.30 + 23.81 BF Investment Ltd. 93.75 + 20.04 BF Utilities Ltd. 844.90 + 20.01 Kalyani Investment Compan 1,026.90 + 20.00 Kalyani Steels Ltd. 98.20 + 16.63 NSE Losers Scrip Price(Rs.) %Change Goldstone Technologies Lt 9.20 -15.98 Wanbury Ltd. 34.75 -10.67 Kalindee Rail Nirman (Eng 149.25 -9.82 Logix Microsystems Ltd. 17.40 -9.38 Nagreeka Capital & Infras 31.65 -8.66