The Economic Times Markets Watch Newsletter

	Dated:09 March,2011

Top Headlines Sensex ends flat; RCom, RInfra, DLF, ICICI up Indian markets ended rangebound session on a flat-to-positive note due to lack of direction from global peers. Reliance Industries KG basin gas output seen up in April; stock up Goldman Sachs has said that RIL may give a special dividend. Current gas output from the D6 block in Krishna-Godavari basin is 53 mmscmd. Expect 17% to 18% return from the market this year: BNP Paribas Securities Manishi Raychaudhuri says the markets will remain choppy in the first half of 2011, and expects Sensex to reach 21000 to 22000 by 2011-end. Views on Stocks/Markets Maruti is a buy: Deepak Mohoni Cipla is a short sell: Deepak Mohoni Don't buy Cox & Kings on stray news flows: Sharyans Resources IPO/Global Markets China shares end up World share markets mixed Asian share markets muted Rupee / Gold Gold ends at Rs 21,082 Re 8 paise up against dlr BoI mulls selling silver bars More 'Market' News Citi cuts Hero Honda to sell from hold Citigroup on Wednesday downgraded India's Hero Honda to "sell" from "hold," citing execution risks relating to product development and branding for the company in the medium term. Indian shares will underperform emerging market peers: Normura Higher stock valuation has prompted the flight of foreign money from the Indian market, says Nomura global equity strategy head Ian Scott. 200 companies face SEBI rap over low Demat holding record BSE has shifted over 200 cos to TFT (trade-for-trade)segment for failure to maintain at least 50% of public holding in the demat form.

Market Round-up SENSEX 18469.95 30.30 NIFTY 5531.00 10.20 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Entegra Ltd. 28.20 + 20.00 GKB Ophthalmics Ltd. 44.80 + 17.89 Vardhman Acrylics Ltd. 11.60 + 17.77 Lyka Labs Ltd. 23.90 + 14.90 Tata Coffee Ltd. 759.85 + 13.11 NSE Losers Scrip Price(Rs.) %Change Nucent Estates Ltd. 2.30 -16.36 Compuage Infocom Ltd. 171.85 -9.27 Sambhaav Media Ltd. 2.00 -9.09 Remsons Industries Ltd. 18.10 -8.82 Blue Chip India Ltd. 1.40 -6.67