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	Dated:23 February,2011

Top Headlines Nifty ends below 5440; Ranbaxy, SBI, DLF, IDFC down Indian markets ended in the negative territory for second consecutive session on Wednesday ahead of February series expiry. ADAG stocks in demand, Reliance Infra surges over 10% on BSE Brisk buying was seen on the counters of other ADA Group firms as well, including RCom and Reliance Power. Investors must welcome people power revolutions Rather than fear the spread of people power revolutions, investors should welcome them. Just don't expect an easy ride in the near term. Views on Stocks/Markets Aurobindo Pharma could fall to 175-180: Ashwani Gujral Go long on ONGC around 260: Sharyans Resources Avoid ACC Cement, UltraTech: Ashwani Gujral IPO/Global Markets Asian stocks mostly down PE-backed local IPOs worst European shares edge lower Rupee / Gold Gold retreats from high Silver extends losses Rupee edges up More 'Market' News Stock slump pushes up India bond yields to 35% Shares fell this year amid political unrest in Middle East and as RBI raised interest rates for seventh time in a year to combat inflation. Mkt Outlook: Experts on where markets headed Certainly bearish, not so bullish and not so nervous because you know what is coming for you. Sharp fall seen if Nifty breaks 5400 If the Nifty does not hold 5400, the market may see more panic. This may result in a fall till 5300 levels.

Market Round-up SENSEX 18178.33 -117.83 NIFTY 5437.35 -31.85 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change State Bank Of Bikaner and 635.25 + 20.01 State Bank Of Mysore 750.05 + 19.69 Man Infraconstruction Lt 171.90 + 18.39 State Bank of Travancore 824.00 + 17.61 Shah Alloys Ltd. 17.50 + 17.06 NSE Losers Scrip Price(Rs.) %Change JHS Svendgaard Laboratori 62.40 -18.27 Radico Khaitan Ltd. 125.30 -9.33 Aurobindo Pharma Ltd. 204.60 -7.90 Global Vectra Helicorp Lt 25.35 -7.82 Vinyl Chemicals (I) Ltd. 11.05 -7.14

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