The Economic Times Markets Watch Newsletter

	Dated:01 March,2011

Top Headlines Sensex ends 650 points up; M&M, Hindalco, L&T rally Markets ended with huge gains on Tuesday as institutional investors flocked back to equities following better-than-expected Union Budget. Top buzzing mid-caps for investors Investors eye their pot of gold in mid-caps. It's a bet which has very high stakes of risk-and-reward. 25 CPSEs not compliant with SEBI's norms: A Sai Prathap As many as 25 PSUs, including blue-chip companies like Indian Oil, SAIL, ONGC and BHEL, are not compliant with market regulator SEBI's norms on the representation of independent directors on their boards, Parliament was informed today. Views on Stocks/Markets 'Sensex may fall to 14K rather than heading to 21K' Growth's back on the agenda, markets are relieved Govt must hold the line on expenditure: A Srinivasan IPO/Global Markets Europe shares gain on eco optimism ONGC, SAIL FPO on track Nikkei rises on low inflation risk Rupee / Gold Rupee up by 32 paise against $ Rupee firm on local shares Gold dips, silver scales new peak More 'Market' News OIS steady; lower govt borrowing target aids Sentiment was supported due to the lower-than-expected government borrowing for next fiscal year announced in the budget. Union Budget 2011: Impact on sectors and top picks Fiscal deficit reduction to 4.6% of GDP in FY12 driven by expenditure compression esp.in subsidies and non-plan – will be tough to achieve. SBI gets $1.9 bn bids for bond sale: Sources State Bank of India received subscriptions for 85.8 billion rupees ($1.9 billion) for a bond sale, or more than 8.5 times the minimum on offer.

Market Round-up SENSEX 18446.50 623.10 NIFTY 5522.30 189.05 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change VLS Finance Ltd. 15.70 + 20.31 Vaibhav Gems Ltd. 29.80 + 20.16 J B Chemicals & Pharmaceu 133.10 + 20.02 Bil Energy Systems Ltd. 25.25 + 19.67 KRBL Ltd. 25.40 + 18.97 NSE Losers Scrip Price(Rs.) %Change Jenson & Nicholson (India 3.90 -7.14 Prithvi Softech Ltd. 15.40 -6.10 Alps Industries Ltd. 3.90 -6.02 Kandagiri Spinning Mills 93.55 -5.03 Parenteral Drugs (India) 183.40 -5.00