The Economic Times Markets Watch Newsletter

	Dated:18 February,2011

Top Headlines Sensex ends 295 points down; RCap, RCom, Suzlon fall The five-day old pull-back rally came to an end on Friday as traders booked profits near crucial resistance levels. Credit Suisse cuts Reliance Industries EPS estimates 'Recent declines, and a lack of company commentary/guidance has introduced risks to growth,' they wrote. Markets will correct further, Sensex may touch 16K: Ambit Capital The time is not right for investors to bottom fish, the market will find a bottom around 16000-16500, says Saurabh Mukherjea, Ambit Capital. Views on Stocks/Markets High pressure on pharma margins; buy JB Chemicals: Sharekhan HDFC, HDFC Bank excellent stocks to own : Deepak Mohoni Avoid investing in ONGC: Technical Trends IPO/Global Markets World mkts at fresh highs SAIL FPO process in motion European shares rise Rupee / Gold Rupee ends at 45.195 Gold up by Rs 32 Gold buying edges up More 'Market' News Analysts' views on market outlook Key level for the day on the Nifty is 5520 and we should see probably 5578 and then 5610 on the Nifty Railway cos' shares up ahead of Union Budget Shares of railway wagon makers were trading higher on fund buying as institutions were accumulating the stocks ahead of railway budget. PSU bank stocks surge, BoM steals show on BSE Shares of BOM surged by over 12% on BSE, boosted by the govt decision to infuse Rs 352 cr into co by preferential allotment.

Market Round-up SENSEX 18211.52 -295.30 NIFTY 5458.95 -87.50 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Hindustan Copper Ltd. 324.80 + 11.86 C Mahendra Exports Ltd. 202.40 + 10.00 State Trading Corporation 270.30 + 9.46 Aplab Ltd. 30.95 + 7.47 Alkyl Amines Chemicals Lt 87.00 + 7.41 NSE Losers Scrip Price(Rs.) %Change Anant Raj Industries Ltd. 75.85 -19.44 Asian Electronics Ltd. 14.35 -10.87 Savera Industries Ltd. 37.15 -10.37 ECE Industries Ltd. 113.70 -10.19 Quintegra Solutions Ltd. 8.05 -10.06