The Economic Times Markets Watch Newsletter

	Dated:10 February,2011

Top Headlines Nifty ends near 5225; SBI, Bharti, Infosys down Indian markets extended losses for third consecutive day but managed to close above crucial support level. IT, realty and oil&gas space led the decline. Oil prices biggest risk for emerging markets story: HSBC If oil prices were to exceed $100/barrel on Brent or $95on WTI, that would mean India's current account deficit would reach alarming proportions. Dalal Street experts see Sensex sinking 1,000 points more Investors may have to endure the pain of watching their equities wealth diminish another 9% in the coming days. Views on Stocks/Markets Lupin has not fallen a lot: Ashwani Gujral Cairn India is below the support levels: Sudarshan Sukhani OnMobile Global is one of the better stocks: Sudarshan Sukhani IPO/Global Markets Govt approves PFC FPO European mkts edge lower Seoul shares fall Rupee / Gold Gold extends gains Re weak on share fall Silver futures tumble More 'Market' News Fund managers bet on IT, pharma, FMCG ET polled over 20 top fund managers and broking firms to get their views on where the stock market was headed. Lanco Infra up on value-buying, volumes surge Shares of Lanco Infratech rose nearly 20 percent on value buying by institutional investors post the recent fall in the stock, two dealers said. Panacea to launch breast cancer drug; stock down Panacea Biotec is planning to introduce its indigenously developed Albumin bound paclitaxel particles formulation called PacliAll.

Market Round-up SENSEX 17463.04 -129.73 NIFTY 5225.80 -27.75 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Lanco Infratech Ltd. 39.70 + 20.49 Khaitan (India) Ltd. 31.45 + 16.05 OnMobile Global Ltd. 215.80 + 15.93 GMR Infrastructure Ltd. 36.10 + 13.70 Morepen Laboratories Ltd. 5.75 + 12.75 NSE Losers Scrip Price(Rs.) %Change Aurobindo Pharma Ltd. 228.50 -79.21 Omkar Speciality Chemical 46.45 -52.60 SREI Infrastructure Finan 40.50 -44.02 Glodyne Technoserve Ltd. 397.10 -36.57 MIC Electronics Ltd. 17.85 -18.68