The Economic Times Markets Watch Newsletter

	Dated:04 February,2011

Top Headlines Nifty tanks below 5400; Realty, FMCG, tech decline According to experts the market is likely to drift further down in coming sessions and investors can start nibbling stocks at attractive levels. Volatility is low in midcap stocks as well: Motilal Oswal As the Motilal Oswal MOSt Shares Midcap 100 ETF makes it debut & readies for subscriptions, ET Now catches up to know more on the industry's first midcap index product. Do not rush to buy, market is not ready for buying: Sudarshan Sukhani Nifty broke the crucial levels of 5,400 hinting towards further downside in near term, analysts said. Sudarshan Sukhani of Technical Trends shares his outlook. Views on Stocks/Markets DB Realty hits record low on CBI probe report Market bounce back is imminent: Networth Stock Broking SpiceJet tanks as purchase by Maran comes under CBI lens IPO/Global Markets SAIL share sale by end-March World markets advance Muthoot Cap lines up rights issue Rupee / Gold Gold, silver bounce back Rupee ends flat against dollar Avoid US dollar: Nassim Taleb More 'Market' News BOC India says founders' delisting offer fails BOC India said the offer failed as the number of shares tendered by shareholders were less than minium number of shares required to complete the offer. Nifty clearly in a downtrend: Sudarshan Sukhani The Nifty has broken down below the 5410-5420 support level. It is not easy to say what will happen on Monday but the message is clear we are in a downtrend. Profit-booking pulls down RIL by 2.54 pc on BSE Massive sell-off by jittery investors led the country's most valued firm Reliance Industries (RIL) to tumble by 2.54 per cent on BSE today.

Market Round-up SENSEX 18008.15 -441.16 NIFTY 5395.75 -131.00 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Morepen Laboratories Ltd. 6.20 + 20.39 Manaksia Ltd. 92.40 + 19.84 BF Investment Ltd. 109.10 + 16.37 Brigade Enterprises Ltd. 111.55 + 14.41 R S Software (India) Ltd. 55.50 + 13.27 NSE Losers Scrip Price(Rs.) %Change Allied Digital Services L 127.60 -20.00 Aqua Logistics Ltd. 23.55 -13.74 Kabra Extrusion Technik L 58.05 -10.97 D B Realty Ltd. 139.75 -10.10 Jupiter Bioscience Ltd. 23.70 -9.89