The Economic Times Markets Watch Newsletter

	Dated:31 March,2011

Top Headlines Sensex up 155 points on FII inflows and easing inflation Sensex moved up for the eighth straight session today on steady FII inflows and easing inflation amid firm global trends. We have a bullish outlook on Asian equities: Ajay Kapur, Deutsche Bank In absolute terms, the Q2 should be reasonably good for Asian markets, says Ajay Kapur, MD & Head-Asian Equity Strategy, Deutsche Bank. FDI through M&A or strategic stakes is going to big in India: Ambit Capital FDI through M&A or through strategic stakes is going to be a big theme & that will add to mkt enthusiasm, says Andrew Holland, Ambit Capital. Views on Stocks/Markets Buy banking stocks on dips: Sudarshan Sukhani Extremely positive on Adani Enterprise : Deven Choksey Reliance Communications ready for new bull market: Sudarshan Sukhani IPO/Global Markets World stocks gain European shares negative Topsgrup planning 400-cr IPO Rupee / Gold Gold steady Re at 4-1/2 month high Gold demand to grow More 'Market' News SEBI tells listed cos to run updated websites from Apr 1 Having a website with up-to-date information at any given point of time will become mandatory for all the listed companies with effect from tomorrow. IT stocks rise as global majors spur spending hopes IT firms are rallying on hopes that upbeat results and outlooks last week from global technology majors bode well for a resurgence in tech spending. 2G scam: CBI may chargesheet ADAG, Unitech executives; RCom down The CBI is likely to chargesheet three officials of the Anil Dhirubhai Ambani Group (ADAG) and senior executives of real estate firm Unitech.

Market Round-up SENSEX 19445.22 155.04 NIFTY 5833.75 46.10 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change K Sera Sera Ltd. 13.30 + 20.36 Malu Paper Mills Ltd. 16.35 + 20.22 Peria Karamalai Tea & Pro 152.65 + 20.01 Andhra Pradesh Paper Mill 284.35 + 20.00 Goldiam International Ltd 42.70 + 19.94 NSE Losers Scrip Price(Rs.) %Change Asian Electronics Ltd. 10.75 -16.99 Smartlink Network Systems 67.95 -13.00 Peacock Industries Ltd. 2.60 -11.86 Technofab Engineering Ltd 153.95 -10.55 Acropetal Technologies Lt 61.40 -9.97

The Economic Times Daily Newsletter

	Dated:March 31,2011

Top Headlines Vodafone to pay $5 bn for buying out Essar in India Vodafone will take control of Essar's 33 per cent of the Vodafone Essar Limited company, giving it 75 per cent of the Indian operator overall. Indian companies have saved thousands of jobs in the US: Report Indian companies operating in the US have created over 2,500 jobs in America since 2005 on account of buyouts of the US firms, says a study. India's population rises to 1.21 bn; sex ratio lowest since Independence The population of India, at 1,201.2 bn, is almost equal to the combined population of the US, Brazil, Pakistan, Bangladesh and Japan put together. Most Read Story Infosys faces charges of H1B visa misuse, age discrimination Over past few weeks, two individual suits alleging H1B misuse, age discrimination in local hiring have been filed against Infosys. Most E-mailed Story Cognizant poses challenge to Infosys, TCS in retail Cognizant's revenues have doubled from the retail segment; it has eight of the top 30 global retailers among its clients. Most Commented Story Infosys faces charges of H1B visa misuse, age discrimination Over past few weeks, two individual suits alleging H1B misuse, age discrimination in local hiring have been filed against Infosys. Latest Updates SEBI tells listed cos to run updated websites India eases JV norms to draw foreign funds Cognizant to provide finance, a/c services to Volvo 'Interest rates will rise next wk on euro inflation'		Market Round-up SENSEX 19445.22 155.04 NIFTY 5833.75 46.10 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change K Sera Sera Ltd. 13.30 + 20.36 Malu Paper Mills Ltd. 16.35 + 20.22 Peria Karamalai Tea & Pro 152.65 + 20.01 Andhra Pradesh Paper Mill 284.35 + 20.00 Goldiam International Ltd 42.70 + 19.94 NSE Losers Scrip Price(Rs.) %Change Asian Electronics Ltd. 10.75 -16.99 Smartlink Network Systems 67.95 -13.00 Peacock Industries Ltd. 2.60 -11.86 Technofab Engineering Ltd 153.95 -10.55 Acropetal Technologies Lt 61.40 -9.97

INDIA BUSINESS UPDATE - Essar Exits Vodafone-Essar JV For $5 Bn; Govt Liberalises FDI Policy To Boost Inflows; Sensex Gains 155 Pts

Thursday, Mar 31, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version GOVT EASES FDI NORMS, FOREIGN JV RULES Relaxing the FDI rules, the government today decided to permit the issuance of equity to overseas firms against imported capital goods and machinery. It also announced allowing 100% Foreign Direct Investment in the agriculture sector including seeds, plantation, horticulture and cultivation of vegetables. Also, foreign investors can bring in further funds without obtaining prior approval from their existing domestic joint venture partners. read more LEAD STORIES ESSAR EXITS VODAFONE-ESSAR JV FOR $5 BN Putting an end to the corporate battle, UK-based Vodafone announced it wouldacquire its Indian partner Essar's 33% stake for $5 billion. read more SENSEX GAINS FOR EIGHTH STRAIGHT DAY, UP 155 PTS Sensex closed at 19,445.22 points on steady FII inflows and easing inflation. Nifty ended at 5,833.75, up 46.10 points. read more TOP STORIES • Census 2011: Population pegged at 1.21 bn people • Silver prices surge to record high of Rs 56,900/kg • Food inflation back to single digit at 9.5% • Fiscal deficit improves; at 68.6% of budget estimates • ICICI a foreign co, its invst subject to FDI norms: Govt • Garment exports up 24% in Feb YoY; highest this fiscal • Auto component cos want anti-poaching agreements • Telecom investments hit FIPB roadblock • SEBI sets up committee on corporate bond market • Run updated websites from Apr 1: SEBI to listed cos • OP Bhatt hangs up boots as SBI chairman • Smartlink to sell Digilink biz to Schneider for Rs 503 cr • MCX files for IPO with SEBI, to sell 6.43 mn shares • 2/3rd of stocks listed in FY11 below issue price • Cheque payments to get costlier from tomorrow • India Inc created 2,500 U.S. jobs since 2005: CII • Govt approves giving Rs 45 cr tax exemption to WC • Libya foreign minister resigns, blow to regime • Buffett 'heir' David Sokol quits, stock tanks 3% • Quake drives Japan manufacturing PMI to 2-yr low more stories TOP VIDEOS It Is A Market Where One Has To Be A Bit More Stock Specific Rather Than Broad Market Specific: Nilesh Shah, President - Corporate Banking, Axis Bank From The Street To The Sky: Vir Sanghvi In Conversation With Naresh Goyal, CEO, Jet Airways If I Am Competing For Global Dominance, I Must Run Deep In One Area - Hence, Focus On Motorcycles: Rajiv Bajaj, MD, Bajaj Auto U.S. Is Being Pumped Primarily By Quantitative Easing, While China Is Slowing Down By Itself: Jonathan Barratt, MD, Commodity Broking Services AT A GLANCE BSE 19445.22 +155.04 NSE 5833.75 +46.1 TURNOVER Rs. 276,357 cr BSE CASH Rs. 3,131 cr NSE CASH Rs. 19,219 cr NSE F&O Rs. 254,006 cr BULLION GOLD 20788 +73 SILVER 56068 +305 CRUDE NYMEX 102.25 -0.08 BRENT 117.26 +2.13 FOREX $ / Re 44.52 -0.09 £ / Re 71.486 -0.33 € / Re 63.214 +0.16 EVENTS 31 March-1 April 11th CII Annual Marketing Summit 2011, Intercontinental The Lalit, Mumbai 1 April 4th International Conference On Cyber & Network Security, The Oberoi, New Delhi 5 April FSLRC Panel To Meet 8 April iGate Open Offer For Patni Shares 14-16 April 9th Conference & Interactive Workshop On Sucessful EPC Contracting In India: Addressing Fiscal & Challenges, The Imperial, New Delhi EXPERT VIEWS "Currently we (Vodafone) are having 42% stake in Vodafone Essar and after acquiring Essar's additional 33% stake in the joint venture our holding will go up to over 75%. So in order to be in compliance with the regulations, we could go for an IPO for the 1% stake or might scout for an Indian partner." Ben Padovan Spokesperson, Vodafone "After stakeholder consultations, the government has now decided to permit issue of equity, under the government route, in import of capital goods/ machinery/ equipment (including second-hand machinery)...It is expected that this measure will promote the competitiveness of India as an investment destination and be instrumental in attracting higher levels of FDI and technology inflows into the country." Government Statement "ICICI is an Indian bank, but it is over 50% (equity) foreign owned, it is owned by foreigners in that sense...for downstream investment it is a foreign company...If ICICI makes any downstream investment, that will be considered as FDI." RP Singh Secretary, DIPP WATCH OUT Beautiful People Noted economist and secretary general of FICCI Amit Mitra makes his debut in politics by contesting as a Trinamool Congress candidate. On Beautiful People this week Mitra talks to Anuradha Sengupta about his shift from the boardroom to electoral politics, his vision for the future of Bengal's economy and more. SHOW TIMINGS Sat 9 pm

INDIA BUSINESS UPDATE - Sensex Up 169 Pts; Lavasa Flip-Flops On Petition Withdrawal Against MoEF; Why Bookies Are Accepting Dus Rupaiya Bets

Wednesday, Mar 30, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version WHY BOOKIES ARE ACCEPTING DUS RUPAIYA BETS Don't be fooled by the sound of those humble figures. It's just a clever ploy by big-shot bookies who are using those terms to accept bets worth crores on the semis and final. If a top bookie is heard accepting dus rupaiya for a bet, the measly amount actually means Rs 10 lakh. Insiders say that some top bookies do not accept bets below pachas rupaiya (Rs 50), which actually means Rs 50 lakh. Its a clever ploy to distract cops. According to a top bookie, at least three politicians have rented out their properties in the city and its outskirts for betting purposes. The connivance of the ministers and politicians in the states of Maharashtra and Gujarat can be gauged from the fact that not a single bookie or punter has been arrested during the last 40 World Cup matches. read more LEAD STORIES MKT SEES 7TH CONSECUTIVE DAY GAIN, SENSEX UP 169 PTS Sensex closed at 19,290.18 points on steady FII inflows and firm global cues. Nifty ended at 5,787.65 up 51.30 points. read more LAVASA FLIP FLOPS ON PETITION WITHDRAWAL AGAINST MoEF In some kind of a settlement between Lavasa and MoEF, the company's counsel is seeking to withdraw petitions at the Bombay HC against the ministry. read more TOP STORIES • Mahindra Satyam likely to seek part of Raju's assets • Balwa & Agarwal remanded in CBI custody till Apr 1 • ED gets court's okay to quiz Hasan Ali at its office • DB Realty shares surge by 40% in two days • $7.68 bn pulled out fm global mkts in wk ended Mar 23 • SBI alone to manage EPFO's Rs 3 lk cr fund till June • ONGC's consent needed in Cairn-Vedanta deal • India Inc faces Rs 1 lk/day power penalty • Deepak Fertilisers to invest $350 mn in Australia • PTC India Financial lists 11% lower than issue price • iGate open offer for Patni shares to start from Apr 8 • MCX to seek SEBI nod for IPO this week • 2006 rape case: Court acquits Shriram Mills' Kasliwal • Shiney Ahuja gets 7-yr jail in rape case • Madras HC dismisses Tirupur dyeing units plea • BHEL bags Rs 5,450 cr order from Bajaj group co • Engineering exports cross $50 bn mark in Apr-Feb • Iron ore exports down by 18.6% in Feb to 10.13 MT • National broadband policy to be sent to cabinet • China economist blasts dollar dominance more stories TOP VIDEOS Market To Stabilise On High FII Flow In H2FY11: Nirmal Jain, Chairman, India Infoline Not Time To Short The Market; Wait For Reversal: Jai Bala, Chief Market Technician, Cashthechaos.com Weakness In Dollar Reflected In Euro's Strength: Philip Roth, Chief Technical Analyst, Miller Tabak AT A GLANCE BSE 19290.18 +169.38 NSE 5787.65 +51.3 TURNOVER Rs. 168,804 cr BSE CASH Rs. 2,998 cr NSE CASH Rs. 12,310 cr NSE F&O Rs. 153,496 cr BULLION GOLD 20716 +75 SILVER 55820 +655 CRUDE NYMEX 102.25 -0.08 BRENT 115.31 +0.15 FOREX $ / Re 44.745 +0.06 £ / Re 71.744 +0.42 € / Re 62.947 +0.11 EVENTS 31 March-1 April 11th CII Annual Marketing Summit 2011, Intercontinental The Lalit, Mumbai 1 April 4th International Conference On Cyber & Network Security, The Oberoi, New Delhi 5 April FSLRC Panel To Meet 8 April iGate Open Offer For Patni Shares EXPERT VIEWS "All of us must continue to increase the pressure on and deepen the isolation of the Gaddafi regime through other means as well. This includes a unified front of political and diplomatic pressure that makes clear to Gaddafi that he must go." Hillary Clinton U.S. Secretary of State "Dr Singh is a good humored and seasoned politician. Both the sides want to improve the bilateral relationship. By inviting Pakistan leadership to watch the match he has sent positive signals that will help bringing the two nations closer. The idea behind my visit to Mohali is to promote cricket and friendship with India." Yousuf Raza Gilani Pakistan Prime Minister "The (Congress) party offices should be like wedding houses with cadres moving around working like bees and they should shift to election mode and not lose hope...There is no doubt that the DMK alliance will win more seats this time." P. Chidambaram Home Minister WATCH OUT India Business Hour A dynamic news show that gives you the best of the days events - be it business, politics, sports or even entertainment. SHOW TIMINGS Thur 9 pm