The Economic Times Markets Watch Newsletter

	Dated:08 March,2011

Top Headlines Sensex ends 200 points up; IT, banks, metals gain Benchmarks ended on a positive note as oil prices fell around $2 after reports that OPEC was likely to boost oil production in order stem rising prices. Hero to buy out Honda stake in JV for $851 mn; stock down Hero Investments has agreed to buy Honda Motors Ltd's 26 per cent stake in Hero Honda Motors for around $851 million. Mahindra group ties up with Cisco; Tech Mahindra, Satyam rise Mahindra group is partnering with Cisco Systems to provide a range of services including cloud computing, the companies said on Tuesday. Views on Stocks/Markets Indian shares will be weighed down by rising oil prices: Deutsche Bank Sensex, Nifty may trade in a range this year: Experts Prefer TCS or HCL Tech to Tech Mahindra: ICICI Direct IPO/Global Markets 'Subscribe' to Lovable Lingeri IPO World stocks rising China shares end up 0.1 pc Rupee / Gold Rupee wedged in a narrow range Gold eases from record Silver tumbles on weak global cues More 'Market' News SCIL Ventures up as co to consider delisting Shares of SCIL Ventures rose more than 4.5 percent after the company said its board will meet on March 10 to consider a proposal to delist the company. It will probably be a flattish year for Indian equities: Parul Saini Parul Saini, Director, RBS, says traders should be cautiously watching the crude oil prices and Indian political situation, and wait for a lower entry point. Higher oil prices negative for Asia: Geoff Lewis Geoff Lewis, Head of Investment Services, JF Asset Management, talks about the impact of surging crude oil prices on emerging economies and the sectors he is bullish on in the Indian market.

Market Round-up SENSEX 18439.65 216.98 NIFTY 5520.80 57.65 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Maxwell Industries Ltd. 18.70 + 20.26 Tata Coffee Ltd. 671.80 + 19.15 Jindal Photo Ltd. 180.45 + 18.10 Reliance Broadcast Networ 79.85 + 17.95 Raj Television Network Lt 67.30 + 17.66 NSE Losers Scrip Price(Rs.) %Change Blue Coast Hotels Ltd. 214.90 -15.73 Nuchem Ltd. 4.75 -10.38 Pudumjee Industries Ltd. 18.90 -10.00 Sanghi Polyesters Ltd. 1.80 -10.00 Keynote Corporate Service 37.50 -9.86