The Economic Times Markets Watch Newsletter

	Dated:28 February,2011

Top Headlines Sensex rises 0.7 per cent on Union Budget 2011; ITC leads Markets rose after budget stepped up social spending, but absence of key reforms such as opening up retail and financial sectors caused some dismay. Union Budget 2011 exceeds D-Street expectations: Market experts Terming the Budget 2011-2012 as "progressive" and "balanced", stock market experts said it had positive surprises like encouraging FII inflow. Union Budget 2011: Allowing FDI to invest in equity MF positive move The decision to allow foreign investors to invest in equity mutual funds is a positive move for Indian asset management companies. Views on Stocks/Markets Banking seems to be a winner: Motilal Oswal Auto stocks down on profit-booking RIL pares gains, sheds 0.10 pc on BSE IPO/Global Markets Asian shares advance European shares fall in early trade World share markets mixed Rupee / Gold Gold up Rs 10 Rupee off highs on oil prices Gold reverses gains More 'Market' News Indian markets can return 15-20% this year: S Krishnakumar A basket of quality small- and mid-cap cos can provide significantly high returns to investors via a stronger earnings growth and re-rating over long term. Brokers liable for loss from tech glitches: HC Stock brokers will be held accountable for glitches that clients face while trading through their online platforms. Edible oil cos rise on allocation of Rs 300 cr Shares of edible oil companies moved higher after the finance minister Pranab Mukherjee proposed to allocate Rs 300 crores to improve oil seed plantations.

Market Round-up SENSEX 17823.40 122.49 NIFTY 5333.25 29.70 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Vaibhav Gems Ltd. 24.80 + 20.10 Jamna Auto Industries Ltd 138.55 + 12.23 Websol Energy Systems Ltd 74.40 + 12.22 Coal India Ltd. 327.70 + 11.98 Munjal Auto Industries Lt 112.10 + 11.54 NSE Losers Scrip Price(Rs.) %Change Aplab Ltd. 26.60 -11.48 Glenmark Pharmaceuticals 251.30 -9.85 KRBL Ltd. 21.35 -9.34 Hindustan Media Ventures 154.30 -8.70 BGR Energy Systems Ltd. 407.55 -8.68