The Economic Times Markets Watch Newsletter

	Dated:21 February,2011

Top Headlines Sensex ends 223 points up; IT, oil&gas, metals lead Benchmarks bounced back and ended near day's highs on Monday as institutions bought index heavyweights at lower levels. Sensex may reach 22500 by 2012 March: UBS Securities Nervous investors may sell into any news flow which is negative, so you can't rule out any downside in short term, says Suresh Mahadevan of UBS Sec. High-flying stocks hold good prospects Most of the banking stocks had registered high growth rates even during the downturn and there is no reason to believe these rates will taper off now. Views on Stocks/Markets Time to build a portfolio of blue chips for long term: Ashwani Gujral Buy Raymond instead of Bombay Dyeing: Sudarshan Sukhani Buy Tata Chemicals at current levels: Sudarshan Sukhani IPO/Global Markets 3 small-sized IPOs to hit mkts SKIL Infra to raise Rs 10 bn via IPO Europe mkts dip over Libya unrest Rupee / Gold Gold hits 7-week high Re clings to 1-month high Silver futures at record high More 'Market' News Market Outlook: Analysts on where markets are headed The Nifty must go up for them to buy and it must come down for them to sell so this is a no trade zone. Market to stay rangebound, looks to Budget for cues The pullback rally which began last Friday continued for the first four days of the week as investors bought battered-down stocks following firm global cues. Investors may wait for Budget cues for aggressive purchases Investors look for clarity from the government in the Budget announcement on February 28 on its plans to solve the stubbornly-high inflation and slowing growth.

Market Round-up SENSEX 18438.31 226.79 NIFTY 5518.60 59.65 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Visesh Infotecnics Ltd. 8.00 + 10.34 JHS Svendgaard Laboratori 86.75 + 9.33 Pearl Polymers Ltd. 16.45 + 8.94 Tulsyan NEC Ltd. 63.50 + 8.27 Novopan Industries Ltd. 33.40 + 7.74 NSE Losers Scrip Price(Rs.) %Change EIH Ltd. 87.20 -16.23 Cubex Tubings Ltd. 12.60 -9.35 Aksh Optifibre Ltd. 7.10 -8.97 Remsons Industries Ltd. 20.00 -8.68 KLRF Ltd. 27.40 -8.67