The Economic Times Markets Watch Newsletter

	Dated:25 February,2011

Top Headlines Indian markets slump 3 per cent; worst in 16 months Financials bore the brunt of the investor selloff on worries spiralling energy costs would accelerate stubbornly high inflation. FIPB okays Reliance Broadcast proposal; stock up The government has approved a proposal of Reliance Broadcast Network (RBNL) to bring in foreign investment of Rs 45.47 crore. Rail Budget 2011: Top 10 stocks to watch Here are some key stocks to watch out on Rail Budget; these stocks witnessed high volatility during the last year's Rail Budget. Views on Stocks/Markets Mundra Port looking very attractive: D Choksey 'Upside expected in the market, post-budget' 'Aviation sector has lot of vulnerabilities' IPO/Global Markets SAIL FPO likely in next fiscal European stocks rebound World shares rise on oil prices drop Rupee / Gold Indian rupee up on $ weakness Gold falls by Rs 140 on Euro rises against $ on rate hike More 'Market' News LIC Housing to raise at least Rs 2.5 bn via bonds LIC Housing Finance plans to raise at least Rs 2.5 bn through 10-year bonds at 9.6%, a source with direct knowledge of the matter said. R Power leads race to supply 3K MW to UP; stock up Reliance Power has emerged the frontrunner among six shortlisted entities for a tender floated by Uttar Pradesh Power Corporation Ltd (UPPCL) to buy 3,000 MW of power for 25 years starting 2014, sources close to the development told ET. KSB Pumps to issue bonus shares; stock surges Shares of KSB Pumps surged higher after the company decided to issue bonus shares in the ratio of one equity share for one share held. The scrip was at Rs 479.40, up 6.88 per cent on the NSE.

Market Round-up SENSEX 17700.91 68.50 NIFTY 5303.55 40.85 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Coral Hub Ltd. 21.40 + 851.11 RPP Infra Projects Ltd. 62.90 + 12.12 Foseco India Ltd. 453.35 + 11.61 Websol Energy Systems Ltd 66.30 + 11.52 REI Six Ten Retail Ltd. 51.80 + 10.68 NSE Losers Scrip Price(Rs.) %Change MphasiS Ltd. 449.30 -28.08 Hind Rectifiers Ltd. 42.85 -14.64 Kalindee Rail Nirman (Eng 116.30 -13.50 Titagarh Wagons Ltd. 332.55 -12.92 Karnataka Bank Ltd. 106.05 -8.58