The Economic Times Markets Watch Newsletter

	Dated:10 March,2011

Top Headlines Sensex ends 150 points lower; Tata Steel, ICICI down Indian markets ended in the negative territory as wary investors booked profits as rising crude oil price raised concerns of inflation and rate hike. Indian cos' GDR plans stalled by hedge funds, Libyan crisis Kingfisher Airlines, Empee Sugar, Jindal Stainless & Orbit Corporation are among coms that have put on hold plans to raise funds overseas. Indian market valuations look attractive: Adrian Mowat, MD, JP Morgan Adrian Mowat, MD & Chief EM Strategist, JP Morgan, says that markets are going to get lower, may be another 10%. Views on Stocks/Markets Positive on agri commodity stocks: Religare Securities Buy Aurobindo at Rs 155-Rs 160: Ashwani Gujral Wait and watch ADAG pack: Ashwani Gujral IPO/Global Markets Muthoot plans Rs 1,400 cr IPO European mkts hit 5-wk low World shares fall Rupee / Gold Rupee falls on shares Silver scales new peak Gold nears peak More 'Market' News BNP Paribas cuts ONGC target price; reiterates buy BNP Paribas cut its target price on state-run explorer Oil & Natural Gas Corp's stock to 335 rupees from 360 rupees, mainly due to the decline in its valuation for the company's overseas arm ONGC Videsh (OVL). Cadila up as Hospira gets US nod for docetaxel Cadila shares rose 6.5% after the firm's partner Hospira won approval from USFDA for generic version of Sanofi-Aventis' cancer drug Taxotere. Pantaloon Retail hikes branded apparel prices; stock up Top-listed retailer Pantaloon Retail, part of Future Group, has hiked prices of its branded apparel by 18% from this month, its managing director said.

Market Round-up SENSEX 18327.98 -141.97 NIFTY 5494.40 -36.60 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change JHS Svendgaard Laboratori 76.10 + 20.03 Gokaldas Exports Ltd. 114.50 + 19.33 Nelcast Ltd. 91.60 + 15.15 Maxwell Industries Ltd. 20.40 + 12.40 Suryajyoti Spinning Mills 45.20 + 12.02 NSE Losers Scrip Price(Rs.) %Change Salona Cotspin Ltd. 28.05 -16.39 Nucent Estates Ltd. 2.30 -16.36 Raj Television Network Lt 62.00 -12.86 Genesys International Cor 188.70 -11.49 Vaibhav Gems Ltd. 32.80 -8.76