The Economic Times Markets Watch Newsletter

	Dated:22 February,2011

Top Headlines Sensex falls 0.8 pc; Reliance Industries up on BP deal Indian shares shed 0.8 per cent on Tuesday in tandem with world markets as rising unrest in Libya triggered a flight to safety. Long-term outlook for Indian equities still positive: Religare MF You could start to ignore short-term issues and focus more on the positive long-term outlook for Indian equities, says Vetri Subramaniam of Religare MF. FII holdings in public sector firms on the rise FIIs are increasingly reposing their faith in PSUs, with as many as nine public sector recording an increase in FII holdings over recent months. Views on Stocks/Markets Goldman downgrades Reliance Infra to 'neutral' Accumulate Reliance Industries: JV Capital Services Reliance Industries is a good short: Ashwani Gujral IPO/Global Markets Libyan unrest sinks Asian mkts Milestone withdraws IPO application Europe stocks extend sell-off Rupee / Gold Rupee retreats on weak shares Gold extends gains to 7-wk high Silver at new high at Rs 49,700 More 'Market' News Nifty rally may lose steam at 5600-5620 The Nifty started the week on a weak note, but closed up by about 60 points at 5518 on Monday, primarily on account of short-covering in the last hour of trade. Goldman upgrades Lanco Infra, Tata Power to buy Goldman Sachs has upgraded Lanco Infratech and Tata Power to 'buy' from 'neutral'. Goldman said Lanco's stock has factored in negatives like decline in merchant rates. Auto stocks fall on fears of hike in excise duty Auto stocks, led by Hero Honda Motors, dropped by nearly 3 pc amid fears of hike in excise duty on automobiles in the forthcoming Budget 2011-12.

Market Round-up SENSEX 18296.16 -142.15 NIFTY 5469.20 -49.40 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Shah Alloys Ltd. 14.95 + 20.08 Reliance Industrial Infra 705.60 + 18.01 Jai Corp Ltd. 176.60 + 17.97 Pudumjee Industries Ltd. 19.45 + 14.41 SAL Steel Ltd. 8.30 + 12.16 NSE Losers Scrip Price(Rs.) %Change JHS Svendgaard Laboratori 76.35 -11.99 Jet Airways (India) Ltd. 435.90 -7.85 Pearl Polymers Ltd. 15.25 -7.29 Paramount Communications 4.50 -7.22 Madhucon Projects Ltd. 96.45 -7.13