The Economic Times Markets Watch Newsletter

	Dated:09 February,2011

Top Headlines Sensex ends 180 points down; power, metals fall Benchmarks ended in the negative territory for the second straight session as bears continued to hammer down stocks across the board. Indian market is fairly valued at current level: Uday Kotak Uday Kotak, VC & MD of Kotak Mahindra Bank, finds banking & finance, tech and pharma sectors attractive. Markets will recover in the second half of 2011: Ambareesh Baliga Ambareesh Baliga, VP Karvy Stock Broking Ltd. in an interview with ET Now talks about his market outlook. Views on Stocks/Markets ADAG says plunge in group stocks due to rumours spread by rivals M&M gains over 4% on smart Q3 numbers Reliance Infra drops over 25%, RCom 17.97% IPO/Global Markets China shares close down 0.9% European shares steady World shares turn lower Rupee / Gold Re ends at 45.47 Gold up by Rs 71 Gold extends gains More 'Market' News SBI's planned Rs 20,000-crore rights issue unlikely this fiscal SBI may not be in a position to launch its proposed rights offering this fiscal as it was not able to secure approvals from the government - by early Feb. Loss-making , unlisted cos get right to fix pay sans govt nod Unlisted loss-making cos can structure managerial remuneration at will, with ministry of corporate affairs deciding to do away with need for govt approval. Cardamom remains up on spot demand Cardamom futures prices continued to rise for third day by adding Rs 14 to Rs 1,390 per kg in futures trading today.

Market Round-up SENSEX 17592.77 -182.93 NIFTY 5253.55 -59.00 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Sentinel Tea and Exports 17.40 + 74.00 Mid-Day Multimedia Ltd. 7.65 + 15.04 Hind Syntex Ltd. 4.20 + 10.53 Cyber Media (India) Ltd. 20.90 + 7.18 Uniply Industries Ltd 13.40 + 6.35 NSE Losers Scrip Price(Rs.) %Change Prakash Industries Ltd. 74.75 -19.97 Parsvnath Developers Ltd. 32.75 -19.93 Reliance Infrastructure L 531.70 -19.34 Kopran Ltd. 23.65 -19.28 Polyplex Corporation Ltd. 191.30 -18.77